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Next we need to figure out how to replace the low-paid workers who just retired.
by Fjolsvith 7y ago
Next we need to figure out how to replace the low-paid workers who just retired.
- fwip 7y agoPay them medium wages, or make the job suck less. If a job sucks to work at, you should pay the workers more. Giving low-paid workers the freedom to not work levels the playing field. In the classic supply/demand curve, the supply of labor is relatively fixed under the "you must work to live" model. With UBI, the supply of labor and the demand for labor will act in concert to determine a new, fairer price.
- Fjolsvith 7y agoAs a business owner, I will tell you that the cost of the higher wages will not be paid by my business. It will get passed on to customers who can spend a little extra UBI to help support the "you don't have to work to live" populace.