Personnel Today
A research project into universal basic income (UBI)backed by ChatGPT creator Sam Altman has found that recipients spend more on themselves and others, while also working slightly fewer hours.
OpenResearch, a project backed by OpenAI’s Altman, looked at a cohort of people in Illinois and Texas who received $1,000 per month over a period of three years. The researchers produced a suite of research reports looking at how UBI affected employment, spending, health and entrepreneurship.
Looking at participants’ working status over time, UBI recipients were 2 percentage points less likely to be employed during the second and third years of the experiment. There was also more variation in employment rates among those who received the income compared to a ‘control’ group who did not.
Across the three years, UBI recipients worked an average of 1.3 fewer hours a week than the other group, and there was a more widespread variation in working hours.
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