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How does UBI work if everyone just decided not to work anymore? How would it work if everyone involved in say medicine decided not to work anymore of if everyon

How does UBI work if everyone just decided not to work anymore? How would it work if everyone involved in say medicine decided not to work anymore of if everyone involved in the military or border patrol said 'nope, I'm done'? Would we just print more money to give to the people that streamed over the border? What if the people that print the money or send the checks decided to quit?

alecbz 5y ago
It wouldn't, but I'm not sure that would happen (everyone deciding not to work). Especially if UBI is only enough to live ~reasonably comfortably. I'd imagine a wide spectrum of people, some of which are fine with that level of income and don't really work much for money at all, some people who work part time, and others that keep working because they enjoy it/really want more money. It feels TBD how stable something like this would be, but feels fundamentally workable. I think you could at the least tune the amount of the UBI until it does become stable; I don't think the only stable value would be $0.
dragonwriter 5y ago
> How does UBI work if everyone just decided not to work anymore? If too many (which with any reasonable near-future level of productive capacity, and any level of UBI, is a lot short of “everyone”) people don't work with fixed nominal or dedicated-revenue-stream-based UBI, inflation erodes the value of UBI decreasing the lifestyle sustainable on UBI alone until enough fewer people opt out of work to stabilize things. With inflation-indexed UBI you get a positive feedback UBI -> price feedback loop, so don't do UBI that way. But mostly “what happens if too many people don’t work” is irrelevant to real-world UBI proposals: these tend to target a poverty-level income, replace existing means-tested poverty-support programs, and remove barriers to outside income that come with existing means-tested programs. As such, they structurally incentivize more people choosing to work than under the status quo system (and a move from under-the-table to above-board work.)

alecbz 5y ago

It wouldn't, but I'm not sure that would happen (everyone deciding not to work). Especially if UBI is only enough to live ~reasonably comfortably. I'd imagine a wide spectrum of people, some of which are fine with that level of income and don't really work much for money at all, some people who work part time, and others that keep working because they enjoy it/really want more money. It feels TBD how stable something like this would be, but feels fundamentally workable. I think you could at the least tune the amount of the UBI until it does become stable; I don't think the only stable value would be $0.

dragonwriter 5y ago

> How does UBI work if everyone just decided not to work anymore? If too many (which with any reasonable near-future level of productive capacity, and any level of UBI, is a lot short of “everyone”) people don't work with fixed nominal or dedicated-revenue-stream-based UBI, inflation erodes the value of UBI decreasing the lifestyle sustainable on UBI alone until enough fewer people opt out of work to stabilize things. With inflation-indexed UBI you get a positive feedback UBI -> price feedback loop, so don't do UBI that way. But mostly “what happens if too many people don’t work” is irrelevant to real-world UBI proposals: these tend to target a poverty-level income, replace existing means-tested poverty-support programs, and remove barriers to outside income that come with existing means-tested programs. As such, they structurally incentivize more people choosing to work than under the status quo system (and a move from under-the-table to above-board work.)