America is careening toward a dystopian future without jobs due to increased automation and technological advances, says 2020 Democrat presidential candidate Andrew Yang.
To prevent the inevitable “widespread squalor, despair, and violence” that will result from millions of workers being permanently displaced by technology, Yang, 44, wants to start giving every adult citizen $1,000 a month in universal basic income.
“America is starting 100,000 fewer businesses per year than it was only 12 years ago, and is in the midst of shedding millions of jobs due primarily to technological advances,” Yang explains in his 2018 book The War on Normal People.
Yang, who founded Venture for America, an organization that helps entrepreneurs create jobs in cities like Baltimore, Detroit, Pittsburgh, and Cleveland, argues that “normal” Americans who represent a majority of the population are the ones most vulnerable to being ravaged by the ongoing technological shift.
Normal Americans, he says, did not graduate from college and don’t have an associate’s degree.
“He or she perhaps attended college for one year or graduated from high school. She or he has a net worth of approximately $36K— about $6K excluding home and vehicle equity— and lives paycheck to paycheck. She or he has less than $500 in flexible savings and minimal assets invested in the stock market. These are median statistics, with 50 percent of Americans below these levels,” he says.
More than 4 million jobs have already been destroyed by robots, software, artificial intelligence and a third of all American workers are “at risk of permanent unemployment. And this time, the jobs will not come back.”
In a 2017 report, consulting firm McKinsey and Company estimates that some 50 percent of all work activities will be automated by 2055 or sooner. The Government Accountability Office also released a report last week outlining how federal agencies are doing little to prepare for the eventual automation of the trucking industry, tapping what Yang has been preaching for months.
“We are confident that between 2 million and 3 million Americans who drive vehicles for a living will lose their jobs in the next 10 to 15 years. Driving a truck is the most common occupation in 29 states,” Yang writes in his book.
“Self-driving vehicles are one of the most obvious job-destroying technologies, but there are similar innovations ahead that will displace cashiers, fast food workers, customer service representatives, administrative assistants, and even well-paid white-collar jobs like wealth managers, lawyers, and insurance agents,” he adds.
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SOURCE: Christian Post, Leonardo Blair