Is It Silicon Valley’s Job to Make Guaranteed Income a Reality? Is It Silicon Valley’s Job to Make Guaranteed Income a Reality?
The New York Times
The tech community, led by Sam Altman of OpenAI, has funded programs that give people unconditional cash. Some say it’s time to scale up.
For the last couple of years, the tech community has tested no-strings-attached payments of $500 or $1,000 a month to those in dire need. Some of these experiments have happened in the heart of Silicon Valley, where a one-bedroom apartment rents for $3,000 a month and a modest house is often an unaffordable luxury.
Silicon Valley’s backing of these efforts has propelled the idea of a guaranteed income — also known as cash transfers, unconditional cash and, in its most utopian form, universal basic income — into the mainstream. But a bipartisan political consensus around the movement is fracturing even though the data seems to show that the programs are effective.
In recent months, the Texas attorney general went to court to prevent public funds from being used in a basic income program in Houston. Republicans in Iowa, Idaho and South Dakota banned similar programs. A ban in Arizona was vetoed by the governor.
The movement has scored a few victories, too. A proposal for a statewide basic income program is likely to be on the ballot in Oregon this fall. The measure would give $750 to each state resident annually, funded by a 3 percent tax on corporations with revenue over $25 million.
It is a critical moment for guaranteed income, which has been touted by the OpenAI chief executive Sam Altman, the Tesla chief executive Elon Musk, the Twitter co-founder Jack Dorsey, the Salesforce chief executive Marc Benioff and others.
On Monday, the results from the biggest direct income program to date, the Unconditional Income Study, will be released. The study was the idea of Mr. Altman, who has emerged as the chief cheerleader of a boom in artificial intelligence that, he says, will sweep away all that came before it. Anyone whose job can be done by A.I. software might need a guaranteed income by and by.
