“Step back and think about that,” Moynihan says of BOA job cuts, since he took over in 2010. The reduction is “more employees than Delta has I think. All caused by the ability to apply technology to processes and capabilities, and customer behavior changed.”
Furthermore, America’s average household income would be $138,134 if we based it on per capita GDP. To elaborate if you multiply $53,128.45 by 2.6; the average household size, you get $138,134. Moreover, the average per capita household GDP for a family of four in 2017 was $212,514.16. Hence, most Americans do not share in the growing national prosperity.
A basic income can serve as reparations for slavery; and other crimes against African Americans, without penalizing white people. In fact, most whites; and many white nationalists, like basic income because they will receive it too.