House Speaker Nancy Pelosi expressed a willingness to look into instituting a universal basic income for the American people, which was the centerpiece of Democrat Andrew Yang’s presidential campaign.
Pelosi pointed out Monday on MSNBC that ‘others have suggested a minimum income, a guaranteed income for people. Is that worthy of attention now? Perhaps so.’
Congress already passed one bill to combat the economic fallout of the coronavirus pandemic that included cash payments to Americans.
On Monday on MSNBC, House Speaker Nancy Pelosi expressed a willingness to look at universal basic income, a concept that was the centerpiece of Democrat Andrew Yang’s presidential campaign
Andrew Yang, photographed at a Democratic primary debate in September in Texas, pitched giving Americans over the age of 18 $1,000 a month, every month, which he named the ‘freedom dividend’
Official statistics from the Labor Department show 26.5 million people in the US have filed for unemployment benefits since March 15. The chart above shows the number of people submitting applications each week
The Congressional Budget Office released a report last week predicting that 27 million Americans will lose their jobs due to the coronavirus crisis this year. The CBO’s jobless rate projections per quarter are shown in the graph above
Universal basic income, the way Yang pitched it, would come in the form of $1,000 payments to every American over 18 and would be doled out every month.
On the campaign trail, Yang called the concept the ‘freedom dividend.’
‘There’s nothing stopping us from making it happen. There’s nothing stopping a majority of citizens of a democracy from passing ourselves a dividend,’ Yang pitched to voters at the 2019 Iowa State Fair.
‘Companies do it all the time, every day, and when companies do it, what do we say? Great job, good management,’ Yang pointed out. ‘We are the owners of this country, we can return some of it to ourselves and that’s the only way we’re going to get it back.’
Yang responded positively to Pelosi’s comments.
‘I applaud Speaker Pelosi for publicly endorsing the consideration of a guaranteed income for all Americans,’ Yang said in a statement.
‘This pandemic has unfortunately exposed serious weaknesses in our economy with alarming unemployment rates and crippling impact on every professional industry,’ he said.
Andrew Yang responded to a satirical tweet from the ‘Daily Show’ that showed him cussing when he found out that Republican Sen. Mitt Romney had embraced UBI, ‘I’m pumped about it actually’
‘While checks during this mandated stay-at-home period are a good start, we need a universal basic income permanently in order to insure that Americans are prepared in an event of the next economic downturn, no matter the scale,’ Yang added.
Despite dropping out of the 2020 race in February, Yang’s team has both reached out to lawmakers and been on the receiving end of interest coming from Capitol Hill in recent weeks.
‘We’ve been literally working to reach out to legislators who have expressed interest in different versions of stimulus checks and UBI-like proposals, that includes AOC [Rep. Alexandria Ocasio-Cortez], the office of Mitt Romney, and of course Tim Ryan who has a fine piece of legislation to guide folks through this current period of turmoil,’ a Yang adviser told DailyMail.com.
Earlier this month, Ryan, a former 2020 presidential contender, and Rep. Ro Khanna, a co-chair of Bernie Sanders’ 2020 campaign, introduced legislation that would give citizens over 16, and who make less than $130,000, $2,000 a month.
The payments would go out until employment bounced back to pre-pandemic levels, the release said.
‘We’ve been thrilled to see members of Congress reach out to us to continue the dicussion, like Sen. Mark Warner, who will be making an appearance on Andrew’s podcast in the near future,’ Yang’s adviser also said.
While Ryan, Khanna and Warner are all Democrats like Yang, Republicans including Romney and Sen. Tom Cotton have expressed interest in UBI too.
In response to a satirical tweet from the ‘Daily Show’ that showed Yang shouting profanity because Romney embraced the concept of giving Americans $1,000 a month, the former candidate responded, ‘I’m pumped about it actually.’
On Tuesday, Kevin Hassett, the chairman of the Council of Economic Advisers, told reporters that the White House is studying the idea of further stimulus payments like the $1,200 ones passed by Congress that are currently being handed out.
Up to 13.9 million Americans are out of work but have NOT been able to register for unemployment benefits, Economic Policy Institute survey finds
Millions of Americans who have lost their jobs during the coronavirus pandemic have been unable to register for unemployment benefits since the US economy entered a free fall, according to a poll released on Tuesday.
The left-leaning Economic Policy Institute found in an online poll that for every 10 people who have successfully filed unemployment claims, three or four people have been unable to register and another two people have not tried to apply at a time of acute economic crisis.
Official US statistics show that 26.5 million people have applied for unemployment benefits since March 15, wiping out all of the jobs gained during the longest employment boom in American history.
EPI’s survey indicates that an additional 8.9 million to 13.9 million people have been shut out of the system, according to Ben Zipperer, the study’s lead author.
‘This study validates the anecdotes and news reports we’re seeing about people having trouble filing for benefits they need and deserve,’ Zipperer said.
Millions of Americans who have lost their jobs during the coronavirus pandemic have been unable to register for unemployment benefits since the US economy entered a free fall, according to a new survey from the Economic Policy Institute. Pictured: People line up outside the Arkansas Workforce Center waiting to file for unemployment benefits on April 6
EPI’s survey of more than 24,600 people found that for every 10 who have successfully filed unemployment claims, three or four have been unable to register and another two people have not tried to apply because it was too difficult
EPI’s survey indicates that 8.9 million to 13.9 million people have been shut out of the system
Idled workers say they have encountered downed websites and clogged phone lines, as the state governments that administer the program have been overwhelmed by applicants.
‘It’s a shame how you work for so many years and then when you need it, you can’t get it,’ said Jim Hewes, 48, who told Reuters he was unable to file a claim online for more than two weeks after he was furloughed from his job at a second-hand store in Orlando, Florida, in March.
Hewes said he mailed off a paper application on April 9 but had not heard back from the state.
‘It’s almost set up to fail. It was made complicated so people would get discouraged and give up,’ he said.
EPI surveyed 24,607 US adult internet users using Google Surveys between April 13 and April 24.
Some 9.4 percent of poll respondents said they had successfully applied for unemployment benefits, while 3.4 percent said they tried but could not get through.
A further 1.9 percent said they did not apply because the process was too difficult.
The jobless rate has continued to soar in the days since the survey ended and is expected to reach 14 percent over the course of the coronavirus crisis, according to a Congressional Budget Office report released last week.
The CBO projected that 27 million Americans will find themselves out of work by the end of the second quarter in June.
Long lines have become a mainstay outside unemployment offices across the country as people look to file claims in person to avoid the overwhelmed online process.
People are seen waiting in line for help with unemployment benefits at the One-Stop Career Center in Las Vegas in March
Many Americans who managed to file claims have yet to receive payments weeks after they lost their jobs
States like New Jersey and Georgia have struggled to find staffers who know how to update computer systems that run on decades-old technology.
Others that have moved to newer technology have also encountered technical woes.
States have also had to incorporate enhanced federal benefits that provide an extra $600 per week and extend coverage to Uber drivers and other independent contractors.
On top of that, many states entered the crisis with fewer workers to handle unemployment claims as an improving economy had allowed them to cut staff.
States had the equivalent of 26,360 full-time workers in their unemployment offices in the 2018 fiscal year, according to the US Labor Department, down 30 percent from staffing levels during the peak of the Great Recession in 2009 and 2010.
Many Americans who managed to file claims have yet to receive payments weeks after they lost their jobs.
Labor Department statistics show that 71 percent who apply are getting payments, although that figure varies significantly by state.
Florida, for example, said on Saturday it had sent payments to roughly one in five of those who had successfully submitted claims.
Among those waiting are Rachel Alvarez, 44, who says she now hides snacks in her bedroom so her three children cannot eat them too quickly.
The former restaurant server in Naples, Florida, says she has run through her savings since she was laid off on March 25.
‘I have nothing,’ she said. ‘As much as I don’t want my kids to see me stress out, each one has seen me cry.’