@jca2 Yes, I think the government workers would lose their jobs, but they would be getting $1k a month. I think unemployment would still be available in his system, I’m not sure.
Part of his argument is lots of people are going to be losing jobs as retail stores continue to close and robots start doing more and more. It will eventually cause chaos (chaos is my word) if we don’t put in place a program to help adjust to the coming realities of technological advances.
Yang has statistics of how retraining did not work well during previous economic downturns when industries were hit really hard. Industries like manufacturing, and now he points to retail. Bed Bath and Beyond, Pier 1, and Macy’s now announcing they are closing a lot more stores could possibly help Yang. I don’t think he will win the primary, I just think he could pick up some points.
I like the idea of a shorter work week and early retirement if there is less employment to go around. That’s me talking not Yang. Retired 60 year olds in the right environment are very productive. Where I live proves it. I don’t like the idea of 22 year olds being able to buddy up with friends and not have to work at all. I think it could be psychologically savaging to society and the individual.
I’ll also add that 50 year olds who get laid off often have a really hard time getting another job. Being financially able to survive without work, or minimal work in your 50’s is a good retirement plan in terms of safety net. Setting up society for those people to still be productive without a paying job is also very important in my opinion psychologically. Where I live I know so many people who are completely different people here than where they previously lived because of the opportunities here to pursue interests, and the freedom of having time. What I’m getting at is retiring earlier so young people have employment.