4 ms·
Because that is not where the jobs are. Unemployment is at 9.8 % in Detroit, 5.6% in Mississippi, compared to 4.7% nationwide (all numbers Dec 2016).
by pg314 9y ago
Because that is not where the jobs are. Unemployment is at 9.8 % in Detroit, 5.6% in Mississippi, compared to 4.7% nationwide (all numbers Dec 2016).
- prostoalex 9y agoHow would introduction of UBI result in job creation?
- maxerickson 9y agoWithout speaking to the net effect, a possible mechanism of job creation is increased demand for goods.
- prostoalex 9y agoIn economic model of the last century - sure. People would spend at their local milkman and butcher, who would in turn hire a local glassblower, who would spend some with local seamstress, who could finally afford the services of local blacksmith. In the modern economy an increased demand for goods benefits very select entities - mainly a Chinese manufacturer, a Danish shipper, and Seattle-based Amazon.com. There's some job creation to the effect that a UPS guy needs to be hired to deliver those goods, but middlemen are likely to be squeezed on margins, while the value creation is taking place abroad.