Yang pushes 'Freedom Dividend' as solution to automation

Yang pushes 'Freedom Dividend' as solution to automation
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Democratic presidential candidate Andrew YangAndrew YangSolving the coronavirus economic downturn — good psychology makes for good politics and policy Andrew Yang nonprofit to dole out checks to 500 households Senate GOP mulls forgivable loans to businesses to halt layoffs, bankruptcies MORE promoted his signature campaign promise of a $1,000 “Freedom Dividend” for all Americans during Tuesday's Democratic debate, arguing it would protect workers against the proliferation of automation.

Following Sen. Bernie SandersBernie SandersCoronavirus makes the campaign season treacherous for Joe Biden Biden could be picking the next president: VP choice more important than ever Democrats eye additional relief checks for coronavirus MORE (I-Vt.) promise that if he’s elected president he would guarantee a job for all Americans, Yang said that would not cut it for people who are unable to work.

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“If you rely upon the federal government to target its resources, you wind up with failed retraining programs and jobs that no one wants,” Yang said.

He added that if the federal government were to instead give money to Americans, it would create a "trickle-up economy.”

"When we put the money into our hands, we can build a trickle-up economy. From our people, our families and our communities up, it will enable us to do the work that we want to do," he said.

Yang contends that automation is the driving force behind American job loss and says the federal government alone is not capable of reversing the trend by simply providing jobs. He added that the American workforce is also losing jobs to cheaper labor overseas.

Several other candidates on stage threw their support behind Yang's approach to universal basic income, with Rep. Tulsi GabbardTulsi Gabbard20 House Dems call on Trump to issue two-week, nationwide shelter-in-place order The Hill's Morning Report — ,000,000,000,000: GOP unveils historic US rescue effort Gillibrand endorses Biden for president MORE (D-Hawaii) quick to applaud him for starting a discussion on the topic.

"I think universal basic income is a good idea,” Gabbard said. "Universal basic income is a good idea to help provide that security so people can make choices that they want to see."

Former Housing and Urban Development Secretary Julián Castro said he was open to piloting something similar to a universal basic income “to see how that works."

Sen. Cory BookerCory Anthony BookerDemocrats eye additional relief checks for coronavirus Lawmakers, labor leaders ramp up calls to use Defense Production Act Democratic senators call on FDA to drop restrictions on blood donations from men who have sex with men MORE (D-N.J.) countered that instead of putting $1,000 in everyone’s pockets, the minimum wage should be raised.