WASHINGTON: Tech entrepreneur Andrew Yang, who campaigned on giving every adult American US$1,000 a month, suspended his campaign for president on Tuesday (Feb 11) after failing to make an impact in the New Hampshire primary.

"You know I am the math guy and it is clear tonight from the numbers that we are not going to win this race," Yang told cheering supporters as he bowed out.

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"I am not someone who wants to accept donations and support in a race that we will not win. And so tonight I am announcing I am suspending my campaign for president.

"Our signature proposal, universal basic income, has become part of the mainstream conversation."

Yang, 45, was polling at a lowly 3 per cent with 20 per cent of polling stations reporting, placing him well out of contention.

"Without a doubt, we accelerated the eradication of poverty in our society by years, even generations," Yang added.

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Yang, 45, who ran for president despite having no political background, surprised many observers by qualifying for debates and remaining in the contest longer than some veteran politicians.

The Ivy League-educated son of Taiwanese immigrants, who was bidding to be the country's first Asian-American president, launched his longshot candidacy in 2017 as a virtual unknown.

Yang's signature proposal was his answer to the "fourth industrial revolution", the rise of automation that he said destroyed millions of manufacturing jobs and, as a consequence, paved the way for Donald Trump's 2016 election.

"I hope this campaignRead More – Source