Decoder with Nilay Patel Recode Decode: Andrew Yang
Mar 20, 2020
Andrew Yang, former 2020 presidential candidate and founder of Humanity Forward, dives into the pressing need for universal basic income, especially during the pandemic. He discusses his plans to send checks to the working poor in NYC and the potential for future government cash distributions. Yang also reflects on his campaign experiences, speculates about a role in a Biden administration, and underscores the urgent need for bold economic reforms. He emphasizes the need for a dedicated government role in tech governance, highlighting its impact on society.
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Accelerated Economic Transformation
- The pandemic accelerates pre-existing concerns about technology marginalizing human labor.
- It exposes the need for economic value distribution when traditional markets fail.
UBI and Capitalism
- UBI isn't socialist; it's capitalistic, ensuring a robust consumer market.
- A strong middle class fuels economic opportunity, unlike squeezing people's purchasing power.
Unvalued Work
- Andrew Yang's wife stays home, caring for their two boys, one autistic.
- The market undervalues this vital work, highlighting the need for broader economic valuation.