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Guaranteed basic income isn't a silver bullet, says the lead researcher behind Sam Altman's major study

  • 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.

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