The rise of AI has raised concerns about job losses, prompting discussions on basic income as a potential solution. Sam Altman, CEO of OpenAI, funded a study to explore the impact of guaranteed income.
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00:00It's Benzinga, and here's what's on the block.
00:02The rise of AI has raised concerns about job losses, prompting discussions on basic income
00:08as a potential solution.
00:09Sam Altman, CEO of OpenAI, funded a study to explore the impact of guaranteed income.
00:15For three years, 1,000 lower-income individuals received $1,000 cash payment per month.
00:20Findings showed recipients used the extra money for essentials like food, rent, and
00:24transportation, with some improvements in job quality and entrepreneurship.
00:28The overall employment impact was minimal, with a slight decrease in average working
00:32hours.
00:33For all things money, visit Benzinga.com.