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My concern is if a basic income is introduced it will be so low as to render it near meaningless. In the UK minimum wage is around £11k, welfare gives somewher
by anexprogrammer 11y ago
My concern is if a basic income is introduced it will be so low as to render it near meaningless.
In the UK minimum wage is around £11k, welfare gives somewhere around £3k I think. A basic income is likely to be nearer a welfare level than a working minimum. Politically I think it's going to be a very tough sell to set it at working minimum. I think it has to be at or near working minimum to be effective.
We're potentially looking at unprecedented numbers of lives ruined unless it is handled better. Nearly all options for manual or lower qualified workers are going away. It probably is going to be very messy.