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Fortune
Fortune
Jesús Gerena

How a Sam Altman-backed study into guaranteed income was widely misinterpreted

(Credit: David Paul Morris - Bloomberg - Getty Images)

I’ve seen what cash can do for people experiencing financial hardship—and I also know what it can’t do. The nonprofit I lead, UpTogether, has been investing in people for two decades, distributing more than $210 million to more than 200,000 households since 2020 alone. We manage guaranteed income initiatives all over the country. 

Unfortunately, the takeaway for many reporters and pundits from OpenResearch’s Unconditional Cash Study was that guaranteed income makes people “less productive.”

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