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The Hustle Daily Show
What happens when AI takes over low-income jobs?
Jul 23, 2024
OpenAI CEO Sam Altman funded a basic income study on low-income workers. The podcast explores the impact of the study, AI's role in replacing low-income jobs, and updates on Crowdstrike and Korea Air. Hosts discuss the implications of financial assistance and the future of work in the age of AI.
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Quick takeaways
- Basic income study showed positive impact on low-income workers' outcomes and independence.
- Participants utilized additional income to explore new fields or extend job searches, countering the notion of deterred work.
Deep dives
Effectiveness of Basic Income Programs on Low-Income Individuals
A recent income study funded by OpenAI involved providing 3,000 low-income workers with an extra $1,000 per month. The study spanned across urban, suburban, and rural areas, targeting individuals earning below $28,000 annually. While some received $1,000 a month for three years, the control group got $50 monthly. The results highlighted the positive impact of the basic income, showing improvements in outcomes, life flexibility, and independence, although it was not a definitive solution to poverty or protection against AI-driven job displacement.
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