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You can’t draw wide ranging conclusions from that sort of UBI. They’re part of a nation that exists within another nation. They’re facing all sorts of pressures
by ianai 7y ago
You can’t draw wide ranging conclusions from that sort of UBI. They’re part of a nation that exists within another nation. They’re facing all sorts of pressures and incentives that would not be present for a US wide UBI.
The need and requirement for a UBI is real. Private sector is simply never going to find a job for everyone who needs to survive. We offer no other way for people to survive. This isn’t a balance sheet calculation. It’s society saying “hey, we can’t just let our own people, as an individual of our society, have only one means of survival. That just creates too many pressures which lead to their suffering and exploitation.”
- paulddraper 7y ago> Private sector is simply never going to find a job for everyone who needs to survive. You're technically correct that unemployment will never be 0%. But it's been < 4% for almost all of 2019.
- ianai 7y agoI should expand that the private economy simply isn’t going to provide everyone everything they need-including work but also things work can’t or doesn’t provide. Plenty of full time employees have substandard health care because their employer contracts with an option of that leaves them hanging. Some employers schedule people for exactly less than what would require them to provide benefits, too. They also count toward your balance sheet unemployment rate. The unemployment metric has wide criticisms that I don’t need to regurgitate. This is why I say these metrics don’t do justice to the inspection.
- paulddraper 7y ago> substandard health care Yang proposes nationalized health insurance, outside UBI.
- hbarka 7y agoTalking about the unemployment rate without mentioning the labor force participation rate is painting an incomplete picture.
- paulddraper 7y agoIsn't the labor participation rate irrelevant here though for talking about "job for everyone who needs to survive"? In the perfect world technology and economics improve so much that no one has to work to survive. In that sense, the ideal labor participation rate is 0%.