3 ms·
NAFTA was a larger contributor to deindustralization than technological advancement but technology will be on of the leading causes of 'loss of jobs' going forw
by 40acres 7y ago
NAFTA was a larger contributor to deindustralization than technological advancement but technology will be on of the leading causes of 'loss of jobs' going forward. What Yang doesn't account for is the dynamism of the American economy to create new jobs.
UBI is a solid idea that could be more easily realized in the US through expansions of the EITC and child credits.
- bnjms 7y agoWouldn’t child credits incentivize children. And shouldn’t we wish to disincentivized children?
- 40acres 7y agoWhy? An economy needs people to grow, how can you fund universal programs like this without tax revenue to find it.
- bnjms 7y agoAt some point we will have to stabilize the economy with a stagnant or shrinking population. We might as well learn sooner than later if you believe in global warming. We should consider these incentives now.
- chillacy 7y agoThe way I see it: EITC < NIT (Negative Income Tax) < UBI EITC is what we got, it's means tested and has a work requirement. Take away the work requirement and we'd have a NIT like the one proposed by milton friedman in the 70s. And take away the means testing and we're at UBI.