A new study sheds light on its limitations as a policy tool to alleviate poverty.
Michael Edwards A new study conducted by OpenResearch, a non-profit of which Sam Altman sits on the board of directors, provides the latest data on universal basic income (UBI).
Researchers worked with two non-profits in Texas and Illinois to conduct a cash transfer program that distributed $1,000 per month to 1,000 low-income individuals over a 3-year period. They transferred $50 per month to 2,000 low-income individuals as a control.Participants reported average household income of ~$29,900, so the $12,000 per year transfer represented a ~40% increase […]
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