Tag: guaranteed income

Sam Altman, chief executive officer of OpenAI, speaks at the Microsoft Build event in Seattle, Washington, US, 21 May 2024. (Photo: Chona Kasinger / Bloomberg via Getty Images) By Georgina Crouth

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0 It’s not the first effort to measure the benefits of guaranteed income, but it is one of the largest. What would you do if someone guaranteed you $1,000 a month for three years, with no strings attached and for mahala? To some, it might not sound like much — it’s barely R18,500 — but it’s enough to put out a few fires and […]

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Several U.S. $100 bills The largest study into the real-world consequences of giving people an extra $1,000 per month, with no strings attached, has found that those individuals generally worked less, earned less, and engaged in more leisure time activities.

It’s a result that seems to undercut some of the arguments for universal basic income (UBI), which advocates say would help lower- and middle-class Americans become more productive. The idea is that a UBI would reduce the financial uncertainty that might keep some people from pursuing new careers or entrepreneurial opportunities. Andrew Yang, the businessman and one-time Democratic presidential candidate […]

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Pilot programs across the U.S., including new research funded by OpenAI, offer a glimpse of how a universal basic income could improve lives

By Allison Parshall Rob Dobi/Getty Images In 2020, amid widespread layoffs and economic turmoil brought on by the COVID pandemic, 1,000 low-income people in Texas and Illinois won something of a lottery. They were selected to receive $1,000 per month—with no strings attached—for three years as part of a study on guaranteed income by OpenResearch, a nonprofit research organization funded in part by OpenAI and its founder, Sam Altman.Silicon Valley philanthropists are just one piece […]

Full Post at www.scientificamerican.com

A man in a gray T-shirt holds dollars in his hands. Bank. Casino. Salary. Rates. During the Covid-19 pandemic, the idea of a guaranteed income (or universal basic income (UBI)) took off. Cities from Philadelphia to Compton partnered with philanthropists to conduct several experiments to examine the health and economic impacts of giving people money with no strings attached. The results of these and other programs have been mixed, providing support for both critics and fans.

A recent, comprehensive study that uses a randomized controlled trial provides new evidence that largely supports the critics who worry that a guaranteed income […]

Full Post at www.forbes.com

One SF basic income benefiting Black and Pacific Islander residents appears doomed, and another benefiting trans people has already been shot down, as Trumpworld lawsuits against SF are shutting down programs that don’t benefit straight white men.

The City of San Francisco has a very noble program that gives pregnant Black and Pacific Islander mothers $1,000 per month during their pregnancies , and their first six months of post-partum period, in hopes of reversing the disproportionately high maternal death rates in those demographics. But the Chronicle reports that program is in serious legal peril because of a lawsuit from a […]

Full Post at sfist.com

Universal Basic Income (UBI) is a financial concept where every person in a particular group or area gets a regular amount of money from the government. This money is given to everyone, no matter how much they earn from their jobs, and it’s enough to cover basic living expenses like food and housing. The idea is to make sure everyone has enough money to live on so they can feel secure and have the freedom to do things like study, start a business, or work less without worrying too much about money.

UBI is like getting a monthly allowance big […]

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