× Thanks for reading! Log in to continue. Enjoy more articles by logging in or creating a free account. No credit card required. Log in Sign up {{featured_button_text}}

SIOUX CITY -- Amid a four-day swing through Iowa, Democratic presidential candidate Andrew Yang in Sioux City said he has the new approach the party needs, in order to go beyond traditional ways of dealing with a drastically transformed economy.

With malls and Main Street stores dying off due to online shopping and other substantial changes in the economy, Yang said there is a need for a "trickle up" policy.

That key issue for Yang, which differentiates him from other Democratic candidate, is his proposal to guarantee Americans a Universal Basic Income, although he's rebranded it as the Freedom Dividend.

"That is my most prominent policy," Yang said.

That proposal, which Yang sees as a key way to address massive job displacement, would guarantee every citizen age 18 to 64 a monthly minimum, tax-free income of $1,000, without passing a means test or being required to work.

It is similar to the oil dividend Alaska residents receive, and as Yang asked the gathered Democrats if they were familiar with that, many people shouted out that state's name.