The lead researcher of Sam Altman's major study on guaranteed basic income, Elizabeth Rhodes, says that while basic-income payments are beneficial in many ways, they also have clear limitations.
The study provided 1,000 low-income participants with $1,000 a month without any stipulations for how they could spend it, and found that recipients used the majority of the extra money on basic needs.
Participants reported reductions in stress, mental distress, and food insecurity during the first year, but these effects faded in the second and third years.
Rhodes emphasizes that solving complex issues like poverty and economic insecurity requires more work and there is no singular solution.