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On the flip side, UBI will increase the revenue from those jobs. The less desirable jobs will pay more simply due to supply and demand.
by antonzabirko 6y ago
On the flip side, UBI will increase the revenue from those jobs. The less desirable jobs will pay more simply due to supply and demand.
- bostonvaulter2 6y agoAnd if no one wants to do the job for the given price then it becomes more worthwhile to invest in additional automation.
- reader_mode 6y agoPossibly - but I doubt it will be proportional for the undesirable jobs. It would be a volatile transition period either way.
- syshum 6y agoPay like all goods on in a market are not infinitely elastic to just say the pay will simply increase because the supply of workers drop. For example lets look at janitorial labor, that is a hard job to automate and it is required in every business. So many would think that an increase to say $15/hr would just mean all the companies would just pay the same number of workers $15/hr right? No, what you would find it maybe instead of daily trash pickup it goes to 2 times a week, or employee's are asked to take their office trash themselves to a common trash bin. Common area's are cleaned less frequently, other employee's are asked to pick up some slack, and the janitorial staff will go from 10 workers to 6 , with a responsibility of 4 floors vs 2, or other such adjustments to the "acceptable" level of janitorial services. The business has a budget of X for janitorial, that will not change very much simply because UBI or Min Wage came into play, they will just have to accept less janitorial services for the same money (aka inflation)