If you’re a nerd like me and you’ve been paying attention to the American presidential primaries, you might be a bit depressed with the state of politics. It’s hard to get excited about a line-up of candidates who are expressing the same tired, old ideas. The only exception is Andrew Yang, a businessman and a political outsider.
Yang’s signature policy is the freedom dividend, which proposes the federal government pay $1,000 per month to each citizen aged 18 to 64, no questions asked. We’re not talking about socialism. In fact, it’s closer to the opposite of socialism. The freedom dividend gives the power back to individual citizens, rather than that money being allocated by bureaucrats.
We’re living in a world in which automation and artificial intelligence are rapidly making millions of jobs obsolete and that problem will only accelerate in the coming years. By 2030, as many as 30 per cent of jobs in the U.S. will be eliminated due to automation, according to a 2017 report by McKinsey and Company. The advent of self-driving cars alone will put millions of truck drivers out of work. There are estimates that the transition to self-driving trucks will occur in the next decade. A mining company called Rio Tinto already uses 73 autonomous trucks mining trucks. 3.5 million people are employed as semi truck drivers in the U.S. Millions of unemployed people will make that country a more unstable place.
Yang argues that government retraining programs are proven to be ineffective to deal with these kinds of large-scale issues. His signature policy, a version of universal basic income, or UBI, is designed to take the pressure of an American middle class that has been shrinking for decades. When you have a guaranteed income, you don’t have to worry about finding the money to pay your bills or feed yourself and your family. Yang argues that by giving each U.S. citizen $1,000 per month, the economy will be stimulated as people invest in their future by educating themselves and paying off debts.
One of his slogan’s is simply “Math,” which stands for Make America Think Harder. But his slogan also represents the basis of Yang’s policy, which is cold, hard numbers. Yang has proposed paying for the freedom dividend by implementing a value-added tax, which companies who rely on automation would pay.
Another slogan of Yang’s is “Not left, not right, forward.” Yang is the first forward-thinking politician to hit the U.S. political stage in a very long time. He is attracting many former Trump voters with his message that it is not immigrants making the jobs disappear; it’s the robots. The robots are here, the jobs are disappearing and Yang is the only politician who is prepared to deal with it.