Andrew Yang: Transform Economics
on Friday, November 19, 2021Andrew Yang Money Quote saying UBI would create a transformation in our economy for millions of people. Andrew Yang said:
“A universal basic income would enable millions of Americans to meaningfully transition in the time of economic transformation, including that brought by AI, and it would improve our strength, health, and mental health; kids’ ability to learn; our civic engagement; and our public trust, confidence, and optimism” — Andrew Yang
Share the Andrew Yang Money quote image above on your site:
Short Link to this Quote:
In this quote, Andrew Yang seems to be outlining some of the potential benefits he believes a universal basic income (UBI) could provide in the context of ongoing technological changes including advances in artificial intelligence (AI). Specifically:
- Yang argues UBI would help “millions of Americans” successfully transition and adapt their work and skills as AI disruption transforms the economy and job market over time.
- He also contends it could positively impact individuals’ “strength, health, and mental health”, as well as children’s education outcomes and civic participation through reducing financial stress.
- Yang implies UBI may boost public “trust, confidence, and optimism” by providing a foundation of economic security during massive shifts.
The best interpretation is that Yang views UBI as a policy tool that could help cushion society from the challenges of technological disruption by giving people a buffer to reskill or retrain as needed, while also enhancing well-being, learning and social cohesion during times of uncertainty and transition according to potential outcomes he outlines.