The results of another big test of basic income were released in July 2024 and there's a lot of poorly informed summaries and opinions out there about it. As someone who has actually read the results released so far (there's still more coming) as well as the results from over a hundred other studies of basic income and unconditional cash transfers in general, here is my distillation of the findings and the importance nuances of those findings in the context of the pilot itself, and in the larger context of other pilot results.

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Twitter thread pilot summary:

https://x.com/scottsantens/status/1819389126954610699

Article url:

https://www.scottsantens.com/did-sam-altman-basic-income-experiment-succeed-or-fail-ubi/

My ongoing compilation of UBI evidence on Twitter:

https://twitter.com/scottsantens/status/1766213155967955332

For more info about UBI, please refer to my UBI FAQ:

http://scottsantens.com/basic-income-faq

00:00 Intro

00:59 Beginning

04:28 The Context

07:20 Employment effects

13:39 Entrepreneurship effects

15:23 Job search effects

16:21 Not a saturation pilot

18:36 Job quality effects

19:53 Geographic mobility effects

20:51 Less abuse of drugs and alcohol

21:47 Health effects

22:47 Spending behavior

24:46 Lila's story

27:01 Future basic income studies

28:58 Conclusion

32:41 Patreon credits

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Special thanks to: Gisele Huff, Haroon Mokhtarzada, Steven Grimm, Judith Bliss, Lowell Aronoff, Katie Moussouris, David Ruark, Tricia Garrett, Zack Sargent, A.W.R., Daryl Smith, Larry Cohen, Keith Smith, Philip Rosedale, Liya Brook, Frederick Weber, John Steinberger, Bridget I Flynn, Laurel gillespie, Dylan Hirsch-Shell, Tom Cooper, Robert Collins, Joanna Zarach, ace bailey, Daragh Ward, Andrew Yang, Peter T Knight, Michael Finney, David Ihnen, Miki Phagan, Albert Daniel Brockman, Natalie Foster, Joe Ballou, Arjun , Christopher Wroth, S, Jocelyn Hockings, Kara Gillies, Faith Stanhope, Mark Donovan, Capitalists for Shared Income, Jason Clark, Chuck Cordes, Thomas Fitzsimmons, Mark Broadgate, Leslie Kausch, Jessica Chew, Braden Ferrin , Juro Antal, Austin Begin, Deanna McHugh, Nikolaus Rath, chris heinz, Zachary Weaver, Jodi Sarda, Rosa Tran, Ryan Ash-Miller, bradzone, John Sullivan, Team TJ, Yang Deng, Yan Xie, Marie janicke, Tim , Warren J Polk, Jeffrey Emmett, Stephen Castro-Starkey, Kev Roberts, Nicolas Pouillard, Walter Schaerer, Eric Skiff, Thomas Welsh, and all my other funders for their support.

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Patreon: https://www.patreon.com/scottsantens/membership

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