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How would UBI solve this? If the jobs were still profitable to the employer, they'd be done. It's not clear to me how UBI solves market failures.
by graeme 10y ago
How would UBI solve this? If the jobs were still profitable to the employer, they'd be done. It's not clear to me how UBI solves market failures.
- wallace_f 10y agoNot all jobs are necessarily done because they are profitable to an employer. Mainstream economic theory supports this idea as my previous post explains. However, to address your general sentiment: First let's establish the premise that the most important thing to ones survival and welfare in the world today is money. Without that--and therefore by separating the relationship between survival, social status, welfare and money--it could be argued that we would take a step in the direction of fixing incentive alignment.