Opinion | Andrew Yang Responds: ‘My Targeted Plan for the City Will Be a Lifeline for Many’
To the Editor:
In “Andrew Yang Hasn’t Done the Math” (column, April 16), Paul Krugman criticized a proposal I have not put forth as part of my run for mayor of New York.
My plan is a targeted $1 billion cash relief initiative to distribute $2,000 a year to the 500,000 poorest New Yorkers.
This will mitigate the disproportionate impact of automation on Black, Hispanic and Asian New Yorkers. A new report by the Center for an Urban Future found that nearly half of all job tasks held by Hispanic men can be automated.
We know that targeted cash relief works. The Atlantic and Bloomberg recently reported on the success of a pilot in Stockton, Calif. Compared with the control group, several positive outcomes were found for the 125 people in lower-income neighborhoods who received $500 a month.
Likewise, the federal stimulus checks also played a crucial role in lessening the economic disruption of the pandemic. Despite big job losses — most felt by women of color — the poverty rate actually fell after people received cash deposits.
My 2020 presidential campaign elevated cash relief as an anti-poverty solution, and if I am elected, my targeted plan for the city will be a lifeline for many.
The research is there.
The writer is a Democratic candidate for mayor of New York.
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