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Gavin Newsom: “Unemployment insurance seems to me to have worn out its…”

Featuring: Gavin Newsom, Democratic | Governor of California

Andrew Yang Has Been Preparing for This AI Moment for Years

Published May 27, 2026 | Video Starts at 26:39

We're missing the boat on AI. And young people and workers, in my opinion, are about to pay the price. And so there's going to be a political backlash as a result. Unemployment insurance seems to me to have worn out its benefit. What about employment insurance? What about the opportunity to really scale portable benefits? What about modernizing the Warren act and having early warning systems? (26:39–26:46)

CLAIM

Asserts that unemployment insurance has become outdated and is no longer beneficial.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Gavin Newsom

“I think at the time they scored it, what, $2.83 trillion or something like that?”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 05:28-05:33
“We're now rolling out, working with our what we created baby bonds years ago, before The Trump accounts, 5.5 million California accounts up…”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 08:55-09:07
“We put $1.9 billion of general fund money to support this program.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 09:08-09:13
“Elon [Musk] is turning [the factory] over to humanoid robotics to generate half a million to a million units of humanoid robots.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 35:22-35:40
“4x higher suicide rates, deaths of despair for young men and boys.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 36:40-36:52
“We're going to have the first trillionaires this year.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 52:33-52:36
“UBI [Universal Basic Income] has been a bipartisan idea over the course of quite literally decades and decades.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 01:42-06:39
“We [California] put out $35 million of general fund to seven large scale UBI projects.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 01:45-08:11
“When you were promoting UBI, you were promoting about $1,000.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 04:53-04:58
“California put out $35 million of general fund to seven large scale UBI projects.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 08:02-08:11
“We just trued it up additional 5 million. So it's 40 million.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 08:26-08:31
“We just trued it up additional 5 million. So it's 40 million.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 08:26-08:31
“We're going to get the results of all that in an independent analysis of what it produced.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 08:30-08:36
“We created baby bonds years ago, before The Trump accounts, 5.5 million California accounts up to $1,500 for all of our kindergarteners.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 08:58-09:07
“We put $1.9 billion of general fund money to support this [baby bonds] program.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 09:08-09:13
“Full disclosure, Andrew, was modeled after the bill that we passed here in California, SB53.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 20:44-20:51
“The bill that we passed here in California, SB53.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 20:46-20:51
“It was a large language model LLM, Frontier Safety and Transparency bill, and just the second in the country and one, by the way, broadly…”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 20:55-21:08
“Trump came in very enthusiastically, sort of ripped off the band aid, rolled back some of the executive order, at least directionally rolled…”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 22:27-22:40
“There was efforts to undermine our safety and frontier model legislation led by not just members of the Trump administration and Sachs, but…”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 22:39-22:56
“It was an effort to preempt states from taking that role and responsibility.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 22:55-23:00
“A lot of folks out here in Silicon Valley are actually supporting Alex.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 23:12-23:16
“I think he's getting more of his money from California than he even is from Manhattan.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 23:15-23:21
“WARN act, the WARN act itself, it seems to me it's worn out its usefulness.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 26:27-26:34
“What about modernizing the Warren act and having early warning systems?”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 26:51-26:57
“Businesses can't thrive in a world that's failing.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 29:36-29:40
“We should be supporting business formation and entrepreneurialism.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 29:50-29:55
“Why do we have a tax system, particularly when productivity and wealth are now being rewarded? Robots, technology, automation. Why are we…”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 30:38-30:54
“The proof point of that certainly manifesting now at scale here in California, in Fremont, the old factory for Tesla where he was doing…”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 34:56-35:07
“Elon will be on that list after SpaceX/X AI/ Starlink goes public.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 52:38-52:45
“It will be interesting to see what happens with Sam's shop and OpenAI and their IPO in just a matter of weeks, months here.”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 52:47-52:54
“That kind of wealth disparity, that kind of imbalance between the rich and the poor is the oldest, as Plutarch said, and most fatal ailment…”
Andrew Yang Has Been Preparing for This AI Moment for Years | Uploaded May 27, 2026 | 55:00-55:10