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Read Full Article Here: https://www.cnbc.com/2019/10/17/andrew-yang-facebook-amazon-google-should-pay-for-users-data.html

Andrew Yang, the Democratic presidential candidate best known for his $1,000-per-month universal basic income platform, says tech giants should pay people for use of their data.

“Right now, our data is worth more than oil,” Yang said during Tuesday’s Democratic debate in Ohio.

“How many of you remember getting your data check in the mail?

According to Yang, companies should first be required to have customers opt-in to data collection, with a “clear and easy-to-understand statement about what is being collected and how it is going to be used.”

Those who do opt-in and share personal data with companies should then “receive a share of the economic value generated from your data.”

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