Presidential hopeful Andrew Yang: 'We need to build a trickle-up economy' as automation, artificial intelligence change American workplace
Presidential hopeful Andrew Yang said Saturday that the tech innovation driving the American economy is simultaneously putting large numbers of Americans out of work and argued that the U.S. needs to rethink how it measures economic success.
Yang took issue with using Gross Dometic Product — the total monetary value of all goods and services produced in a country — as a metric for success of failure. If elected, Yang said he would simply go to the Bureau of Labor and Statistics and tell them,"Hey guys, GDP is almost 100 years old. It's out of date and we need to move on to the next form of our economic measurements."
Yang recently made headlines with his proposal for Universal Basic Income , or what the Yang campaign refers to as “The Freedom Dividend.” It would give $1,000 per month, or $12,000 each year, to every American adult over the age of 18.
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