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A job guarantee has similar results to heavily unionized labor: inefficiency. People waste their time doing things that don't matter. Basic income is great beca
by SeoxyS 11y ago
A job guarantee has similar results to heavily unionized labor: inefficiency. People waste their time doing things that don't matter. Basic income is great because it provides everyone a safety net efficiently. With basic income, they don't have to worry about survival, so people take jobs because they think it's beneficial to them. It sets up the right incentive structures for a productive free market.
- crdoconnor 11y ago"A job guarantee has similar results to heavily unionized labor: inefficiency." Involuntary unemployment is more efficient is it?