Presidential candidate Andrew Yang has proposed giving all American adults $1,000 per month — "no strings attached" — in universal basic income.
"You've probably heard this: There's an Asian man running for president, and he wants to give everyone $1,000 a month," Yang has said at recent rallies.
"This is the trickle-up economy, not the trickle-down economy," Andrew Yang said.
Estimates suggest that almost half of all U.S. jobs are at risk of being replaced by AI.
Significant numbers of workers will be in need of retraining if AI expands greatly, warns the report.
If all you do is trade one type of government support for another, you'd be crazy to expect change. And that is what universal basic income does.
In the United States—as in all of the world's wealthier nations—ending poverty is not a matter of resources.