Basic income payments foster entrepreneurial spirit

Basic income payments foster entrepreneurial spirit

In a study conducted by OpenResearch, individuals who consistently received basic income payments displayed an increased inclination towards entrepreneurship. They were more open to taking risks and investing in new business ventures.

This consistent income provided them financial stability and independence to experiment with entrepreneurial initiatives. Adding to this, the study revealed that these entrepreneurs significantly benefited local economies by creating jobs and promoting innovation.

The research, partially financed by OpenAI CEO, Sam Altman, involved a provision of monthly stipends of $1000 to 3,000 low-income Americans, aiming to address and comprehend their financial struggles.While this extra income generally covered essential expenditures, […]

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