Andrew Yang, an entrepreneur whose unlikely White House bid evolved into a serio...
- Andrew Yang, an entrepreneur whose unlikely White House bid evolved into a serious campaign thanks to grassroots enthusiasm, pulled out of the Democratic presidential race on Tuesday after New Hampshire delivered him a second straight poor showing.
Yang’s signature proposal, a universal basic income that would pay every American $1,000 a month, was his answer to the “fourth industrial revolution,” the rise of automation that he said destroyed millions of manufacturing jobs and, as a consequence, paved the way for Donald Trump’s 2016 election. On the trail, Yang warned that automation would hit major industries like retail, customer service and trucking. He noted that technology companies were paying almost no taxes despite profiting from people’s personal data, and vowed to impose new taxes on tech giants to finance his “Freedom Dividend.”
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