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Couldn't UBI end up in a death spiral where it does destroy the economy? If the BI is too generous people will stop working. Cost of goods and services go up. T
by rhino369 10y ago
Couldn't UBI end up in a death spiral where it does destroy the economy? If the BI is too generous people will stop working. Cost of goods and services go up. Tax base shrinks. The people vote in a larger BI to make up for it?
For as little as 15k a person, I'd strongly consider never working again.
- ianai 10y agoIf no ones working then no ones providing anything. At that point either everything's being made by a robot or we're all dead. I'm pretty sure society is going to find a way around that problem.
- rhino369 10y agoThat's too binary. We could just go into a depression and then society degrades somewhat. It's happening in Venezuela right now. Or big business might overthrow the government. Or maybe people figure out it was a bad idea and elect the GOP to dismantle it.
- JoeAltmaier 10y agoFewer people need to work every year. All those factory jobs? Never coming back in this civilization. Next - fast-food, bank teller. Eventually most all of them. We have 35M people in minimum-wage now; there are not and never will be enough Engineering jobs for all of them (and neither would they all want to). We used to write fantasy stories about when robots took the yoke of work from our shoulders. Now that its happening, we resist with all our might. I wonder why?
- rhino369 10y agoThe jobs from 150 years ago have been almost entirely replaced by now. With new jobs. Maybe this time is different. But our current unemployment numbers aren't bad.