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I'd love for someone to explain how UBI wouldn't just end up replacing part of people's salaries and turning into a wage subsidy for corporations.
by NOGDP 6y ago
I'd love for someone to explain how UBI wouldn't just end up replacing part of people's salaries and turning into a wage subsidy for corporations.
- canjobear 6y agoSome see this as a feature, not a bug. It means that companies don't have to pay as much to hire people, because companies don't have to be on the hook for giving people enough money to survive. You wouldn't need a minimum wage, for example.
- elcomet 6y agoUBI need to be high enough then.
- ulucs 6y agoWouldn't this create so many jobs? There are many jobs in Canada that can't exist because of how expensive it is to hire people (which coincides with how expensive it is to live in Toronto). Subsidise that, and many people will be able to be delivery drivers for restaurants and avoid paying rent to Uber, or hire help for their homes instead of having to go to specialized firms.
- NOGDP 6y ago> There are many jobs in Canada that can't exist because of how expensive it is to hire people (which coincides with how expensive it is to live in Toronto). Couldn't it be said that those jobs are therefore not valuable enough to exist? Many jobs certainly are, and automation will obsolete many others. I guess we should be providing the basics for most people if we only need a fraction of the population for work though.
- akvadrako 6y agoThere will likely be some of that, but it will also put workers into a stronger negotiating position, so they can demand higher wages.