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The Walmart example is a great one of why UBI is a good idea, though. Today they only have employees exclusively due to the "work or die" negotiation position o
by zanny 10y ago
The Walmart example is a great one of why UBI is a good idea, though. Today they only have employees exclusively due to the "work or die" negotiation position of the workers there. With a UBI, Walmart will only have people filling positions when they offer wages that, at market value, justify the work being done.
Which would also coincidentally mean treating your employees better lets you pay them less, which sounds like a desirable natural motivating force in an economy.
I do not think anyone would argue UBI would not cause a dramatic shift in everything, and as a result the only way to really implement it is slowly - IE, you start people on small cash payments per month, and scale it up to (by most examples) the poverty level over the course of years or even a decade. That way, everyone has plenty of time to react to the economic consequences without a panic, in much the same way states are raising the minimum wage to $15 over 5 years.