Andrew Yang is running for President as a Democrat in 2020. He fears for the future of our country. New technologies – robots, software, artificial intelligence – have already destroyed more than 4 million US jobs, and in the next 5-10 years, they will eliminate millions more. A third of all American workers are at risk of permanent unemployment. And this time, the jobs will not come back. To avoid an unprecedented crisis, we’re going to have to find a new solution, unlike anything we’ve done before. It all begins with Universal Basic Income for all American adults, no strings attached – a foundation on which a stable, prosperous, and just society can be built.
What is the Freedom Dividend?
The Freedom Dividend, Andrew Yang's version of what is most commonly known as a Universal Basic Income (UBI), is a form of social security that guarantees a certain amount of money to every citizen within a given governed population, without having to pass a test or fulfill a work requirement. Every Universal Basic Income plan can be different in terms of amount or design.
Andrew Yang is running for President as Democrat in 2020 on the platform of Universal Basic Income. The UBI he is proposing for the United States is a set of guaranteed payments of $1,000 per month, or $12,000 per year, to all U.S. citizens over the age of 18. Yes, that means you and everyone you know would get another $1,000/month every month from the U.S. government, no questions asked.
Andrew Yang wants Universal Basic Income because we are experiencing the greatest technological shift the world has ever seen. By 2015, automation had already destroyed four million manufacturing jobs, and the smartest people in the world now predict that a third of all working Americans will lose their job to automation in the next 12 years. Our current policies are not equipped to handle this crisis. Even our most forward-thinking politicians are unprepared.
As technology improves, workers will be able to stop doing the most dangerous, repetitive, and boring jobs. This should excite us, but if Americans have no source of income—no ability to pay for groceries, buy homes, save for education, or start families with confidence—then the future could be very dark. Our labor participation rate now is only 62.7% – lower than it has been in decades, with 1 out of 5 working-age men currently out of the workforce. This will get much worse as self-driving cars and other technologies come online.
Andrew’s version of UBI—funded by a simple Value Added Tax—would guarantee that all Americans benefit from automation, not just big companies. UBI would provide money to cover the basics for Americans while enabling us to look for a better job, start our own business, go back to school, take care of our loved ones or work towards our next opportunity.
For more about why Andrew Yang believes so strongly in Universal Basic Income, read his book ‘The War on Normal People’ published by Hachette on April 3rd.