Why universal basic income still can’t meet the challenges of an AI economy
Andrew Yang’s revived pitch suits the automation debate, but UBI can’t fix inequalities concentrated tech wealth drives Universal basic income (UBI) is back, like a space zombie in a sci-fi movie, resurrected from policy oblivion, hungry for policymakers’ attention: brains! Andrew Yang, whose “Yang Gang” enthusiasm briefly shook up the Democratic presidential nomination in 2020 promoting a “Freedom Dividend” to save workers from automation – $1,000 a month for every American adult – is again the main carrier of the bug: offering UBI to save the nation when robots eat all our jobs. Continue reading...
US economyBusinessEconomics
