Problem: As a response to structural unemployment due to AI (artificial intelligence), Democratic Presidential candidate Andrew Yang proposes "the Freedom Dividend," a universal income of $1000/month per citizen. What would you do with an extra $1000 per month, and in what way do you think it would improve your life, or your community? What would be the net economic impact on your community if everyone had an extra $1000 per month?
Consider any of the following in your answer: Unemployment, aggregate demand, economic growth, structural unemployment, labor force participation rate, opportunity cost, the federal deficit, business start-ups, and/or unintended consequences.