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Here’s what 2020 Democratic candidates have said about universal basic income

Meera Jagannathan
Here’s what 2020 Democratic candidates have said about universal basic income

Whether they call it a Freedom Dividend or a baby bond, some 2020 Democratic contenders have embraced the tenets of a universal basic income (UBI). Proponents of UBI — including Tesla (TSLA)  CEO Elon Musk and Facebook (FB)  CEO Mark Zuckerberg — argue that it would help workers impacted by job automation and provide Americans with a safety net. About 36 million Americans — or 25% of U.S. jobs — have “high exposure to automation” over the next few decades, according to a Brookings Institute analysis published in January, with more than 70% of their tasks “at risk of substitution.” Jobs in food preparation, office administration, transportation and production are at greatest risk for automation, the report said.