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almost 10 years ago in 2016 Sam Alman
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who we now know as the CEO of open AI
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announced plans to fund one of the most
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indepth studies on Ubi Universal basic
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income well as of right now August 2024
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the results are in they officially
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landed this July we have an incredibly
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indepth breakdown which I'm going to
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share with you in this video the results
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of the largest Universal basic income
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trial program in the United States ever
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done thanks to Sam Alman this study is
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incredibly comprehensive I'm really
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impressed with how deep it goes there
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has been hundreds in fact over 200 trial
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programs of Ubi done around the world
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and interestingly enough the majority of
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these trials have actually been done
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right here in the US but the US is also
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very divided on Ubi in fact there are
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several Republican run US states that
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have actually banned Ubi in their
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jurisdiction the reason that Universal
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basic income fits into today's narrative
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and is something we should actually be
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looking at is because we are headed into
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a jobless Society that's right the full
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automation of all human labor and if you
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look at life from an optimistic
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perspective and you see the world for
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what it truly is we live by default in a
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land of opportunity and abundance of
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Natural Resources but it's often
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Humanity that has screwed that up in a
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world where jobs will be completely
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automated we are going to have to come
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together and figure out how should
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Society adapt and evolve what societal
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changes need to happen for us to avoid
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the huge and looming problem of mass
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homelessness due to enormous shifts in
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the job market and what happens when
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every single Company benefits from
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Automation and the billion-dollar
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companies get more and more profitable
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Ubi is a good solution
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and in today's video I'll break down
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this threeyear study from open research
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with Sam Alman heavily involved and
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leading the project and for some context
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on this check out my video will Ubi
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solve AI job disruption where I break
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down a lot of stereotypes and labels
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that Humanity has associated with
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poverty unfortunately a lot of those
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came through government regulations
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welfare is broken it doesn't work in its
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current state and if Universal basic
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income was applied in its truest sense
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universally not dependent on conditions
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then we might be able to solve the
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problem the problem being poverty not
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the person all right so let's dive into
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this study by open research and Sam
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Alman the largest Ubi trial program ever
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done in the US all right so we're
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looking at Sam alman's study this was
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conducted by a company he's a board
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member in and helped start that
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company's open research which is a
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nonprofit research
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lab so the study itself is super
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in-depth and the way they laid it out is
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amazing the study is the result of three
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years of research and it concluded this
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July of 20124 so the first question is
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how would you spend an extra thousand a
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month there were these top categories
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given housing food Child Care Health
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Care education energy commute and of
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course it mentions that there's more and
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I agree that's not all of the ways in
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which you could spend a th000 but those
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are certainly the top ways you can slide
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the bars to kind of put it into context
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and see where the numbers land and even
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think through a scenario what would you
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need to spend an extra $1,000 a month on
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you can see National averages here which
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is
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interesting that cost for housing
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housing has gone up so much it is unreal
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when I talk to people that are just in
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apartments not even houses the cost of
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everything especially here in the US has
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gone up so much so featured findings
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right below that question how would you
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spend an extra ,000 a month include
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Health spending Employment Agency agency
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being the ability to have freedom to
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think about almost like autonomy think
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about plan and pursue goals and then
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moving which was interesting so overall
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the health side of course the findings
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line up with other Ubi studies there was
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an increase in spending on people's
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Health there was an increase on thinking
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about just even going and taking care of
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themselves like dental care a lot of
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people that don't have the resources and
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the funds to go see a dentist is just
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not top of mind if you don't have any
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money so with something like Universal
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basic income you can actually take care
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of those basic needs and then a decrease
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in po problematic drinking by 20% was
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really interesting 53% report reported a
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decrease in the number of days using
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painkillers not prescribed to them
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that's a huge decrease so those are
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pretty interesting findings but again
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these line up with a lot of other Ubi
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studies where people just get smarter
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and they make less bad choices because a
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lack of money creates
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one of the greatest stress triggers that
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exists in humanity so over on spending
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people are talking about paying off
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their car and they're relating that to
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paying off a portion of their life so
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big expenses like car and rent that's
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that's life and how you get to live it
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and if you can decrease your cost there
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well everything else opens up there was
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also an increase in monthly spending so
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the economy benefits businesses benefit
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from UPI and that correlates to studies
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done in Alaska and Africa where it was
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found that entrepreneurs that wanted to
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be entrepreneurs actually had customers
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and the means to sell their own products
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because Universal basic income the idea
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is it's Universal and so everyone gets
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it which means people can start
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businesses start Ventures start
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investing money and hobbies even and
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then sell the byproduct of those
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Ventures and then the people on the
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other end that are also getting Ubi the
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customers the consumers can put that
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back into those new Ventures there was
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an increase of spending on basic needs
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when it came to food Transportation rent
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and then this is really interesting I
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thought this was a high number 26%
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increased in support to others so people
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paying for others and spending that
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money on supporting them the highest
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monthly spending went to Food and
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beverages which makes a lot of sense the
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cost to food has gone up so much so much
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I can't believe it for me I eat very
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healthy and organic vegan non-GMO
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nonprocessed options are just so costly
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so if you put a chart of my life
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together yeah food's probably at the top
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because when we go to a restaurant it's
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a vegan raw food restaurant and a single
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food bowl can be a ridiculous amount of
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money for two people I remember spending
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almost 70 $ at a restaurant here in
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Scottdale so the system is definitely
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broken as it stands which is why I'm
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excited for the coming wave of
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automation removing human labor and
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opening up something like Ubi okay on un
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over here on employment cash provided
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the flexibility to make employment
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decisions that aligned with their goals
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and values so a lot of people just take
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a job that they don't want Gallop to to
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St
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and 70% of our working world is unhappy
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at work leading to high rates of
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depression that is not good that is so
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not good that means that the majority of
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people at work are unhappy and they
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carry that into their life think about
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all the people that have suppressed
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talent that they can't even put back
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into society or
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into an outlet like creating something
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beautiful that benefits Humanity because
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they're stuck in something they hate and
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that depression just is suppressed is
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creativity so when there is extra cash
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like ebi it allows people this is this
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is a frequent finding of ebi studies
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that allows people to actually align
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their work with what they love doing I'm
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in a position for once to be picky said
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one of the
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recipients they could hold out and find
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the right job and the fewer work hours
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this is always a concern for employment
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is less than 2 hours so not that big of
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a deal and the increase in job search
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was actually 10% so instead of sitting
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around and being lazy and not working at
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all there's an increase in searches for
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Perfect Fit jobs that actually match
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skills and the decrease in work hours is
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not by that much agency of course having
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Independence empowerment that is so
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important to a sense of
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individuality and feeling like you have
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a place in the human race so that's why
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I truly believe that if money was
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considered a basic right we'd see a
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completely different pattern in the
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human race and happiness so when given
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that agency people pursue education it's
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interesting there's the increase in
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actually creating a budget that is the
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opposite of well they'll just spend it
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on whatever that's the complete opposite
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right and then 26% more likelihood to
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start a business or help start a
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business among black recipients moving
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is really interesting
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recipients are talking about this
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allowed us to move we were actually able
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to go where we want to go there was an
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11% increase in just moving across
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neighborhoods and one neighborhood can
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make all the difference for a school
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district for quality of life safety Etc
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search for housing went up recipients
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were 5% more likely to pay for housing
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instead of just staying with family or
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friends and then there's a graph of
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those findings so that's the majority of
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what they found in the study study which
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is pretty cool the result of quite
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indepth study across multiple years and
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the final results were around they found
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the greatest impact on spending per
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month on basic needs which again points
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to the cost of everything they're just
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Mass
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inflation we're living in a bubble
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that's about to burst it's going to be
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interesting to see how Society responds
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I mean the best thing you could do is
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lean into AI learn how to use it
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and get ready for this coming bubble if
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you're AI proof meaning you have ai
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skills you're going to be much more in
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demand planning for the future cash
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Universal basic income has an impact on
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planning to pursue education a
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willingness to delay instant
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gratification again that goes completely
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against the narrative that is often
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fabricated by entities that report on
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Ubi that's the that is again and again
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history there's been a lot of
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Fabrication in Ubi reports oh it makes
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people more lazy it makes people spend
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their money on more drugs more alcohol
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more pain pills more drunkenness no
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actually the opposite there's an
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increase in self-reported willingness to
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delay instant
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gratification and people actually set a
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budget with when they have more cash
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it's really interesting so I hope this
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helped give you some insights into the
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study and also just continue to
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challenge the norm maybe a pattern in
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history we've been taught that is
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inaccurate to the truth I am a big fan
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of seeking out the truth I'm really glad
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for one the Sam Altman and the team at
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open research put this report together
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it's pretty amazing thanks so much for
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watching this video I want to take a
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second to honor you if you like me find
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yourself in a place of challenging you
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might have been raised in taught to
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believe and maybe even thought of as the
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truth for a period of time listen we got
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to challenge everything we think because
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we are headed into a completely new
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Society because of automation we're
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headed into a new era with a new type of
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intelligence that is not human and we
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need to solve for the society that we
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can have one of massive abundance as
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soon as possible and start thinking in
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terms that are much wider than labels
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political beliefs old close-minded
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parties and quite frankly indoctrination
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things we were to believe without asking
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questions now is the time to ask
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questions and if that's you props be
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sure to have subscribe to my channel
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Julia McCoy I explore all the recesses
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of the AI rabbit holes and take you down
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the ones worth exploring thanks for
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venturing down this path with me I look
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forward to hearing from you in the
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comments I read every single one I'll
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respond back if time permits I'm so glad
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you're here and I'll see you down the
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next rabbit hole
