Technology will only replace people as costs allow. Businesses won’t just be handing out hefty cash amounts for tech that costs MORE than employees. It is like the fast food workers who got their $15.00 an hour and then found some of their jobs replaced by Camera And I Think To Myself What A Wonderful World shirt. And that is what Andrew Yang is talking about. There is a point that wages and benefit costs will make AI and tech more cost efficient. But if businesses can hold down wages or better yet, have a more favorable tax policy coupled with a government stipend, then people will fair better than otherwise.
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It’s a combination of VAT, which would eliminate the impact that corporate tax loopholes create (since the only way to pay less would be to create less – no Caymans corporation can change that fact), a VAT that exempts necessities while taxing luxury goods (such as yachts, private jets, etc), with the reduction in the need to fund poorly run cash-like social programs which many recipients would just rather have Camera And I Think To Myself What A Wonderful World shirt, and through indirect effects on society – if people stress less about their basic survival, they can parent better, eat healthier foods, work better jobs, spend money (which is an economic stimulus that increases the need for businesses to hire, and injects life into small communities in rural America as well as struggling communities in the inner cities), which all serve to overall improve the quality of life of all citizens