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This is an interesting suggestion, are you saying UBI will increase wages or decrease productivity? Or maybe some of both?
by Godel_unicode 10y ago
This is an interesting suggestion, are you saying UBI will increase wages or decrease productivity? Or maybe some of both?
- toomuchtodo 10y agoMy argument is that UBI would distribute existing (massive) productivity gains to citizens directly as a "citizen's dividend", instead of the current model where its being siphoned off by large corporations for investors, while leaving the working class with stagnant wages for decades. This would push wages up, as employers would have to pay more for the privilege of utilizing labor.
- Godel_unicode 10y agoThe story in that graph is about change in productivity WRT change in wage, though. In order to "fix that" you either need to see an increase in wage growth or a decrease in productivity growth. It seems that your argument is that it (UBI) will increase wages with no (or minimal?) change in productivity. Are you counting the transfer payments in your increased wages, or are you implying that wages will start growing again in addition to the payments?