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Thank you. A basic income increases the negotiating power of the laborer because he now has an implicit price floor from where he can start his negotiations.
by kapnobatairza 11y ago
Thank you. A basic income increases the negotiating power of the laborer because he now has an implicit price floor from where he can start his negotiations.
- jameshart 11y agoNot so much a price floor as a better BATNA - the ability to walk away without having to go and live on the streets.
- kapnobatairza 11y agoYep, that's a much more apt description.
- mattm 11y agoHow terrible that the people at the lower end be given more power. The peons and wage slaves should be kept in their place. /s