What happens when you give people free cash?

Hi, I’m Sergey Osipov @s_osipov, cofounder of Placy (AI real estate agent). Launched about 20 startups and had some exits, including a unicorn IPO. Sharing here my observations and tips for AI founders. Join! #AI #Startup #PropTech

universal basic incomesam altmanubi

Researchers provided some Americans with $1,000 a month for 3 years to explore the Universal Basic Income concept (a quick look at UBI). Here is the full story, and briefly:

We do see significant reductions in stress, mental distress, and food insecurity during the first year, but those effects fade out by the second and third years of the program… Cash alone cannot address challenges such as chronic health conditions, lack of childcare, or the high cost of housing

Remember that my post where you voted 46🍌 for UBI and just 15🍓 against it? Strawberry supporters have an edge now since “the free money transfer did not improve participant’s long-run financial position” according to the $60M study

Do you banana-folks still believe that AI companies should finance humans affected by AI?

Upd: Thai gov is planning to hand out $275 a month to 50M folks in need (source)

#UniversalBasicIncome #SamAltman

Black-and-white portrait with blue graphics: houses, family silhouettes and money icons related to universal basic income.
Graphic composition: portrait with icons of housing, family and money, referencing the UBI debate.