As a leading expert on the topic of unconditional/universal basic income (UBI), a subject area I've been focused on now since 2013, I'm constantly trying to correct misunderstandings and debunk misinformation/disinformation spread about the concept and the evidence behind it. 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. Thank you for taking the time to watch this, giving it a like, and sharing it with others. 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 ----- 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. If you'd like to see your name here in future video descriptions, you can do so by becoming a patron on Patreon at the UBI Producer level. Patreon: https://www.patreon.com/scottsantens/membership ----- Follow me on: Twitter (X): https://twitter.com/scottsantens Facebook: https://www.facebook.com/scottsantens Instagram: https://www.instagram.com/scottsantens Reddit: https://www.reddit.com/r/ScottSantens Spotify: https://podcasters.spotify.com/pod/show/scottsantens Apple Podcasts: https://itunes.apple.com/us/podcast/the-scott-santens-ubi-enterprise/id1443672122