3 ms·
Revival of Universal Basic Income Proposal Ignores Needs of Labor Force
- WorldMaker 10y agoA) Paywalled link is paywalled. B) Yet another "Oh no, what if companies had to deal with the labor market as if it were actually competitive?" article. Yes, under a Universal Basic Income a lot of jobs suddenly have to compete to make their jobs appealing and/or help retention versus turn-over rates. Companies have a captive "market" right now that clearly works to their advantage. UBI would introduce a lot more liquidity into that market. That should be a good thing for the labor market to make it actually competitive. There will definitely be a shake up in how companies deal with especially "wage slave" jobs: it might take re-incentivizing them, it might take rethinking those jobs from the ground up, it might require not taking "minimum wage" effort for granted. It's a paradigm shift, but maybe a much needed one.