Analyzing the Necessity and Feasibility of the Freedom Dividend

“Job displacement stemming from automation has already taken away millions of jobs in the United States. Andrew Yang fears that future advancements could replace further jobs and exacerbate the wealth inequality already prevalent in our country. This has motivated his plan for change, the Freedom Dividend. This paper was designed to begin with an analysis of the motives for Yang’s plan. It then goes on to cover the details of his plan and assess the economic and administrative feasibility. The paper is concluded by looking at the potential outcomes of the plan and identifying major problem areas that need to be considered before implementation. After analyzing several potential cost and funding alternatives, the Freedom Dividend does not make economic sense at this time. With a cost of $2.27 trillion and revenues from his current plans amounting to only $1.3 trillion, the primary concern with his plan is funding. However, the research also indicates the necessity and potential benefits that stem from a plan like Yang’s. For these reasons, even though his plan is not complete at present, the ideas he draws from deserve further investigation as research and technology continue to progress.”

2019

Academic Paper

Source link