4 ms·

Maybe UBI will drill into business leaders heads that they need to either: a) Make a better workplace that people don't hate coming to. b) Make the wages comp

by foxyv 5y ago

Maybe UBI will drill into business leaders heads that they need to either: a) Make a better workplace that people don't hate coming to. b) Make the wages compensate enough for the terrible environment they have created. With a UBI, managers would no longer be under the illusion that "They will eventually come crawling back when they run out of money."

lotsofpulp 5y ago
The upper income deciles will hate it though since a lot of their quality of life comes from the bottom deciles not having a better option, and hence working for lower prices. As those prices rise, the higher deciles will have to reduce consumption. Should be interesting to see it play out politically.
- dahfizz 5y ago
  Not to mention the fact that the upper income deciles are the ones writing the UBI checks...
dahfizz 5y ago
I think that will happen in some cases, but we need to be prepared for the reality that wages can't increase everywhere. Lots of restaurants and grocery stores will go out of business before they can double wages. You may think that's a good thing, but you can't just say "Those rich businesses will just cough up more money". That won't always be the case.
- sofixa 5y ago
  > Lots of restaurants and grocery stores will go out of business before they can double wages Or they can increase prices to match their increased salary expenditures and stay in business.
- foxyv 5y ago
  Notice I mentioned two options. The other option is they can just be a friendlier place to work. Most people don't care about compensation beyond their basic needs. They want a secure, safe, and happy place to work that pays a living wage. With UBI, places like that will do MUCH better because people won't have to work for bad employers to make a living wage. Often the major predictor of an employee leaving/staying isn't the compensation, but the management.

by foxyv 5y ago

lotsofpulp 5y ago

The upper income deciles will hate it though since a lot of their quality of life comes from the bottom deciles not having a better option, and hence working for lower prices. As those prices rise, the higher deciles will have to reduce consumption. Should be interesting to see it play out politically.

dahfizz 5y ago
Not to mention the fact that the upper income deciles are the ones writing the UBI checks...

dahfizz 5y ago

I think that will happen in some cases, but we need to be prepared for the reality that wages can't increase everywhere. Lots of restaurants and grocery stores will go out of business before they can double wages. You may think that's a good thing, but you can't just say "Those rich businesses will just cough up more money". That won't always be the case.

sofixa 5y ago
> Lots of restaurants and grocery stores will go out of business before they can double wages Or they can increase prices to match their increased salary expenditures and stay in business.
foxyv 5y ago
Notice I mentioned two options. The other option is they can just be a friendlier place to work. Most people don't care about compensation beyond their basic needs. They want a secure, safe, and happy place to work that pays a living wage. With UBI, places like that will do MUCH better because people won't have to work for bad employers to make a living wage. Often the major predictor of an employee leaving/staying isn't the compensation, but the management.