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J.P. Morgan put out a really great and fairly detailed article on supply chains and just the general state of the world from a financier's perspective a couple
by rjbwork 5y ago
J.P. Morgan put out a really great and fairly detailed article on supply chains and just the general state of the world from a financier's perspective a couple of weeks ago.
https://am.jpmorgan.com/us/en/asset-management/institutional/insights/market-insights/eye-on-the-market/dude-where-is-my-stuff/ https://am.jpmorgan.com/us/en/asset-management/institutional...
- est 5y agowow what a read. I had feeling, does this years' labor shortage prove that UBI is generally bad in a globalized world?
- rjbwork 5y agoProve? Ehhhh, probably not, but maybe. Provides support for the idea that a true UBI (meaning an actual living wage substitute) will not be generally beneficial to society until we have much higher levels of automation all up and down the production stack, but especially the service sector. I don't think it really shows us anything about a flat subsidy to everyone though.
- nathias 5y agoThere is no labor shortage, that would imply we have too little (skilled) workers, but there has never been as many. If you think workers having some leverage is bad of course you'll be against UBI.
- password4321 5y agodiscussion: https://news.ycombinator.com/item?id=28687992 https://news.ycombinator.com/item?id=28687992 356 points 348 comments