Name: Global Ethics Forum: The Case for Universal Basic Income, with Andrew Yang
Uploaded: 2018-09-05T14:40:16.000Z
Duration: 27 min 8 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Our guest here in the Carnegie Council Studio

businesses and create jobs in American cities.

He's also an author, and his most recent book is called

The Truth About America's Disappearing Jobs

and Why Universal Basic Income Is Our Future.

It is jobs that Andrew Yang clearly cares about.

The reason you have written this book about universal

basic income is because you worry about automation.

When I read about you, a lot of times it was associated

with this concern that there would be some sort of robot

Are you worried that robots are going to take over?

are going to come in and replace you and me in the studio.

It's actually the case that robots started arriving

in the American economy around 2000 and started displacing

large numbers of manufacturing workers from

If you look at the numbers, American manufacturing

workers went down from about 17 million to 12 million

Of those five million jobs lost, the vast majority,

The reason why I'm so passionate about this is I

spent the last six years in Detroit, Cleveland,

St. Louis, Baltimore, and other cities that have

really experienced the throes of automation over

I worked with hundreds of entrepreneurs in these

and I learned a number of things over those years.

One was the impact of automation on these communities.

You can see very large numbers of distressed people

in these communities that haven't found new opportunities.

The businesses that are coming up typically do not

employ large numbers of high school graduates.

They employ smaller numbers of engineers and college

- It's the blue-collar workers that have suffered.

We have been hearing, definitely in this last

election cycle, that that's globalization,

But you're saying that, based on the statistics you've seen,

- Automation's a much bigger driver of job displacement

than globalization and certainly immigrants.

That's something the American people, I believe,

There was a recent survey that showed 70%

of Americans believe that technology, AI, software,

and all of these things are going to eliminate many more

jobs than they are going to create over the next 10

We're right now on the third or fourth inning

of the greatest technological and economic shift that we've

It's the greatest shift in human history.

- That shift, though, again I take it back to the time

horizon starting from the Industrial Revolution but

really in earnest in the '60s and '70s with machines

- Part of it and one of the reasons I'm so passionate

about this is that if you start digging into

the numbers, you see that we are in the midst

the unemployment rate in the headline saying

Near-full employment, not full-on employment.

Then you think, things must be good in the labor market.

What that's masking is that our labor force

participation rate is down to a multi-decade low

of around 62.9%, which is comparable to the rates

in El Salvador and the Dominican Republic,

much lower than it has been in past periods.

of the workforce and aren't considered as part

of the unemployment rate, including almost one out of five

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Global Ethics Forum: The Case for Universal Basic Income, with Andrew Yang

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