Andrew Yang Injected Silicon Valley’s Favorite Economic Idea Into The Democratic Debate. Silicon Valley Isn’t So Happy About That.

Andrew Yang Injected Silicon Valley’s Favorite Economic Idea Into The Democratic Debate. Silicon Valley Isn’t So Happy About That.

Universal basic income seems like an idea whose time has come — except to some of the very people pushing the idea in the first place. Kiersten Essenpreis for BuzzFeed News During Tuesday night’s Democratic presidential debate, one candidate after the other came out in support of Universal Basic Income. Leading off was Andrew Yang, the tech entrepreneur who’s built his campaign on the idea of giving a “freedom dividend” of $12,000 per year — guaranteed income, no strings attached — to every adult American. Then, while discussing automation, former Housing and Urban Development secretary Julián Castro said he’d […]

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