Y Combinator Plans to Start Dolling Out $60 Million Next Year to Study Universal Basic Income

Y Combinator CEO Sam Altman at the Allen & Company Sun Valley Conference in 2017
Photo: Getty

The research arm of Y Combinator plans to begin a study on universal basic income next year in which it will give unconditional cash payments to 3,000 participants. The test is partially intended to see if receiving routine payments will quell anxieties around losing jobs to automation.

As Wired reports, the study will be called “Making Ends Meet.” Under the plan, a thousand people would get $1,000 per month and the other 2,000 would get $50 per month to serve as a control group. Some of the participants would receive monthly payments for three years and some would get paid every month for five years.