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> So your claim isn't that jobs don't exist, but merely that it takes people time to find them. No, my claim is that it will take more and more time for new jo
by legutierr 10y ago
> So your claim isn't that jobs don't exist, but merely that it takes people time to find them.
No, my claim is that it will take more and more time for new jobs to be created, and for laid-off workers to retrain for them. At the beginning of a recession, the jobs don't exist because they have been destroyed, and they are only re-created because the persistence of demand for goods and services--driven primarily by consumer demand--compels it.
I believe that at a certain point, in some future recession, that process will take so long, and will be so expensive, that supporting the levels of consumer demand necessary for economic recovery will be infeasible without government intervention at a scale even larger than what is envisioned with regards to basic income itself. That is, unless basic income is instituted first.