Andrew Yang shares a scary warning.
Stopping by Power 105’s The Breakfast Club recently, Chinese-American entrepreneur Andrew Yang shared his candidacy for president in the 2020 election, while warning of the forthcoming economic tidal wave that looks to drop the median wealth of Black Americans to zero by 2050.
So, Yang says, “I’m running for president, because I can see the tidal wave coming very, very clearly. [..] We’re entering the age of A.I. [Artificial Intelligence].We’re gonna have self-driving cars and trucks in 5-10 years, 30 percent of malls are going to close in the next 4 years, thanks to Amazon, 2.5M call center workers in the U.S. are going to get replaced by AI…”
He adds, “There was a study in The Guardian that said the median African-American household net-worth is going to be zero by 2053, like in 34 years. You should look it up. Why are they forecasting that..? It is because of this economic tidal wave that is coming. It’s going to wipe out many working-class jobs. It’s going to be the equivalent of a natural disaster, and we know what happens in a natural disaster. Who suffers? Poor people that don’t have the resources, people of color, and the same thing is going to happen in this.”
Additionally, to learn more on Yang and his candidacy click here.
#PressPlay below to hear more from Andrew Yang on Black Americans median wealth dropping (around 26:25) and more