Ahead of the 2020 democratic nomination, candidates Bernie Sanders and Andrew Yang have both proposed unique solutions to unemployment and job automation—a federal job guarantee and a universal basic income, respectively. As the November 20th Democratic debate approaches, we examine the benefits and downsides to the candidates’ proposals:
Universal Basic Income
UBI, or Universal Basic Income, is presidential candidate Andrew Yang’s flagship proposal, which he calls the “Freedom Dividend.” The Freedom Dividend provides $1,000 for all Americans monthly as a right of citizenship. The Freedom Dividend would be an alternative for those currently using welfare programs and food stamps […]
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