3 ms·
Won't the cost of hiring staff increase if no one is willing to work for low wages, thereby increasing the cost of any good or service that relies on those UBI
by qudat 10y ago
Won't the cost of hiring staff increase if no one is willing to work for low wages, thereby increasing the cost of any good or service that relies on those UBI adjusted wages?
- ajmurmann 10y agoI believe that to be true. However, I think the reason why we are trying this form of gateway communism now is because labor is becoming less valuable and owning the means of production is becoming more valuable due to automation. At least that's the theory. Because of this the resulting increase in minimum salary for any service to be provided by humans should be less impactful as it would have been in the past. If this wasn't the case we wouldn't need UBI. I think UBI is becoming important because there is an increasing number of people whose participation in the workforce is not needed anymore.