How Universal Basic Income (UBI) Can Save Capitalism

How Universal Basic Income (UBI) Can Save Capitalism

Capitalism, the economic model that contributed in America’s success story now needs an upgrade, and UBI can do the job.

Andrew Yang is running for President in 2020 and has already promised a universal basic income to get introduced by the time he gets elected.

“Yang, as an American entrepreneur and the Founder of Venture for America, is in a position to know well what the economy and people need, according to him, that’s a universal basic income.”

A universal basic income could also make the US economy trillions of dollars larger, permanently, according to a new study by the left-leaning Roosevelt Institute.

As a new report from a consultancy has found, automation will replace up to 80 of today’s jobs by 2030, up to 800 million global workers will lose their jobs by that time and be replaced:

” The results reveal a rich mosaic of potential shifts in occupations in the years ahead, with important implications for workforce skills and wages.

Our key finding is that while there may be enough work to maintain full employment to 2030 under most scenarios, the transitions will be very challenging—matching or even exceeding the scale of shifts out of agriculture and manufacturing we have seen in the past. ” the report mentions.

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