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UBI will always make it worthwhile to take a job because you wouldn't have to give any money back.
by ThomPete 9y ago
UBI will always make it worthwhile to take a job because you wouldn't have to give any money back.
- icebraining 9y agoFinancially, yes, economically, not necessarily. UBI greatly reduces the marginal value of the money you get from the job (since it's no longer the difference between paying for basic necessities or not), and since jobs have a cost, even if it's non-monetary, UBI may tip the balance against taking it.
- ThomPete 9y agoNot sure what you mean. If UBI is, let's say $40000 a year and you do various jobs that land you $10000 you now have $50000. Why wouldn't I take that?
- icebraining 9y agoBecause the jobs may suck, and while earning $10k is much better than $0, earning $50k is not that much better than $40k.
- ThomPete 9y agoWhich will be greatly countered by the fact that if you make $10K more than anyone else you are going to be one of the richest people you know. That $10K extra can buy you a lot of things. Again, judging UBI based on how things look like today is exactly where the discussion goes wrong. UBI makes sense if you accept the idea that there are almost no jobs left for humans. It doesn't make sense in a world where there is plenty of jobs. In other words, it's NOT a mechanism for getting people to work it's a way to ensure that all those people who have no work still have some way to buy things and keep some economy going.