4 ms·
No better to do a UBI. The jobs aren't good for the workers, only the money is. Minimum wage you can think of as subsidizing automation—pay more or automate. T
by Ericson2314 7y ago
No better to do a UBI. The jobs aren't good for the workers, only the money is.
Minimum wage you can think of as subsidizing automation—pay more or automate. That's not bad to the worker, and not a policy I'd complain about, but the tech industry doesn't deserve the subsidy.
UBI is more neutral, you pay more whether you automate or not, and the worker still has more negotiating power. This is better.
- toomuchtodo 7y agoI think UBI should be the end goal, but we're not ready as a people for it yet. Too much feeling versus rational economic thought.
- mc32 7y agoUBI is looking unworkable. Mature economies might have some reserves you can milk. Tell me how does UBI work in a place like Cuba, Haiti or the Philippines? Yang is saying $1000 per adult per month (he used to use the more undefined “per person” previously. At 1000/adult/month one, it’s too much and the economy can’t afford that and two, despite that, that’s not enough for a family of four with two adults two unemancipated ($2000/mo).