Andrew Yang Podcast Creating a New Economy in the Age of AI
8 snips
Jun 9, 2025 Jenny Kassan, CEO of Baltimore Community Commons and a securities lawyer, dives into the economic shifts driven by AI. She discusses the looming threat of job loss and innovative solutions like time banking and alternative currencies that can empower communities. Kassan emphasizes the importance of valuing non-monetary contributions, fostering human connections, and reimagining how we approach work in a rapidly changing landscape. Her insights challenge us to consider a future where economy prioritizes human well-being over mere profit.
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Time Banking in Practice
- Andrew Yang shares how time banking can work through a personal example involving tutoring and cooking.
- This example illustrates the exchange of diverse services with time credits within a community economy.
AI Disrupts All Jobs
- AI will automate many jobs irrespective of employee skill or education level.
- This disruption requires rethinking the economy beyond the current dollar-based system.
Wealth Concentration Problem
- Wealth concentrates as capital gains more value than labor income.
- Many lack access to capital, so new financing models and non-dollar economies are needed to address inequality.
