When asked whether they supported Yang’s basic universal income plan, this candidate said, “Nah, I got a better idea.” Can you guess who?
Entrepreneur Andrew Yang dropped out of the 2020 presidential race Tuesday after a lackluster showing in New Hampshire’s primary, but his campaign injected new life into the long-running debate over a universal basic income policy.
About 36 million Americans — or 25% of U.S. jobs — have “high exposure to automation” over the next few decades, according to a Brookings Institute analysis published last year, with more than 70% of their tasks “at risk of substitution.” Jobs in food preparation, office administration, transportation and production are at greatest risk for automation, the report said.
A study released in 2019 on Finland’s UBI pilot program found that recipients reported greater well-being, less stress, improved mental and physical health and more confidence in their futures. Meanwhile, a study released in 2019 on Finland’s UBI pilot program found that recipients reported greater well-being, less stress, improved mental and physical health and more confidence in their futures. However, the payouts didn’t improve their ability to find a job, the researchers found.
Andrew Yang’s ‘Freedom Dividend’ proposal Yang, a former corporate lawyer who promoted an exhaustive list of policy proposals, wanted to give $1,000 a month to every American over age 18 — a “no strings attached” policy meant to help workers sidelined by robots, artificial intelligence and other new tech innovations, he said. Yang noted on his website he would pay for this annual $12,000 “Freedom Dividend” by introducing “a new tax on the companies benefiting most from automation.
“Tell us how you would spend $1,000 a month,” Yang said in a video posted to his Twitter account, directing followers to his campaign website. “Then if you win, you’ll get the money and you’ll get a whole lot of social media followers.” Asked during an Iowa town hall in April whether he supported Yang’s UBI idea, the Vermont senator replied, “Nah, I got a better idea.”
Sanders later emphasized in an August interview with Hill.TV that “people want to work” and “be a productive member of society.” He promoted the federal jobs guarantee over UBI. The ex-veep instead stressed the importance of training and retraining workers for “jobs of the future.” He advocated for offering two free years of community college, providing aid to communities bearing the brunt of such transformation, and ensuring that benefits and workplace protections remain in place.
Elizabeth Warren: Warren, a Democratic senator from Massachusetts, signaled to the Washington Post that she was open to the idea of UBI. Start with universal child care and education and investment in education from zero on through college, and let’s see what that starts to do.’ —Elizabeth Warren “Do the student-loan debt forgiveness and that will start to close the black-and-white wealth gap. Use my housing plan and attack red-lining straight on,” she continued. “Help close the differences between the poorest in this country and the middle class. Give people more opportunities. Let’s get everybody on board and try that.
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