4 ms·
When studying UBI isn't it hard to control for the fact that only a small group is receiving funds, rather than every unemployed/underemployed person in the cou
by camdenreslink 8y ago
When studying UBI isn't it hard to control for the fact that only a small group is receiving funds, rather than every unemployed/underemployed person in the country (which would be the case if UBI became federal legislation)? As jobs are automated, we will need to do something...
- snarf21 8y agoI think the answer is yes. Also, if everyone just gets $X, will prices also rise by some Y close to X as people will feel less attachment to this $X as it was free? I've yet to see a truly thoughtful model of what all will happen. For example, UBI is said to replace all the bureaucracy of today's welfare programs. That is a lot of people that will lose their jobs, including the cycle of the people who used to supply goods and services to those people. Some of those companies will close and layoff more people, etc., etc. It doesn't go infinite but it definitely cascades. We can see proof of this in old steel towns or some place like Detroit. As good jobs dry up, it starts an economic slide.