3 ms·
It's not that simple at all, otherwise no-one would be talking about it. There are a number of competing effects, but at least one currently unanswered questio
by summerdown2 8y ago
It's not that simple at all, otherwise no-one would be talking about it.
There are a number of competing effects, but at least one currently unanswered question about basic income is whether people are naturally lazy or naturally entrepreneurial. I.e. given an unshakeable safety net which means they are ok whatever they do, do people work harder to do better than ok, or sit on ok. There have only been unsatisfactory trials so far, but a number of results seem to favour the better result.
Here's another way of looking at it. Currently, people can get sucked into a benefit trap. They might have an income from benefits of £100 a week, which vanishes once they start work. So obviously they would lose out unless a job they can get provides at least £100 + travel and other costs. Basic income removes this trap by saying: "You get £100 always. But you also get to keep a large proportion of every pound you earn above £100. Go for it!
Under basic income, a person otherwise on benefits can walk round people's houses with a ladder and offer to clean windows - and gain from the process.