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> UBI reduces the incentive to work, and risks stranding millions of people in a subsistence living trap, able to just about get by, but cut off from the opport
by jmmcd 10y ago
> UBI reduces the incentive to work, and risks stranding millions of people in a subsistence living trap, able to just about get by, but cut off from the opportunity for upward mobility, as this essay details well.
The claim is prima facie false, so I looked at the source provided ("this essay" is [1]) and it doesn't support that claim AT ALL.
[1] https://www.technologyreview.com/s/601499/basic-income-a-sellout-of-the-american-dream/ https://www.technologyreview.com/s/601499/basic-income-a-sel...
- dmichulke 10y agoI think the reasoning goes like that: If you give 100k people each 10k$ each month, chances are that some of them stop working because they consider it enough. The same holds for 1k$ but to a lesser extent. Still, UBI reduces the incentive to work.
- RobertoG 10y agoSo, they give money to people because there are not enough works and then complain because the people don't work. I get lost somewhere in the reasoning.
- jmmcd 10y agoI can accept the claim that it reduces the incentive to work (a bit), but not the claim that there is any trap that prevents upward mobility.