Andrew Yang Warns Coronavirus Fallout Could ‘Be Worse’ Than 2008 Financial Crisis, as Support Grows for Universal Basic Income

Andrew Yang Warns Coronavirus Fallout Could ‘Be Worse’ Than 2008 Financial Crisis, as Support Grows for Universal Basic Income

During his presidential campaign, Yang pushed the idea that the American government should start paying every citizen $1,000 a month as a universal basic income. He argued this would help stimulate the economy, and help unemployed individuals displaced by automation in the workplace. With growing concerns about the economic fallout from the coronavirus, the idea has received new salience and support.

Democratic Representative Tulsi Gabbard of Hawaii, who is running for president , put forward legislation last week to implement Yang’s plan as long as the country remains in a state of emergency due to the coronavirus outbreak.

“I’ve introduced a […]

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