4 ms·
That work is not done because it does not create enough economic value to provide a living. People can't afford to do low-paying work. BI makes low-paying work
by skeltoac 10y ago
That work is not done because it does not create enough economic value to provide a living. People can't afford to do low-paying work. BI makes low-paying work affordable, so more people will do it, which will benefit all.
- danielweber 10y agoHow does that happen? People's reservation wage goes up with income, not down. I used to think that a BI would work, ten years ago, well before the current craze. But it was wishful thinking that I had never been challenged on. We do know that an EITC or NIT increases work hours. It would make a lot of things that are wasteful economically viable for both parties.