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Doing a grueling low wage job because you need those wages to survive makes sense. Doing low wage jobs for the extra cash is not, because it's not a lot of cash
by spywaregorilla 4y ago
Doing a grueling low wage job because you need those wages to survive makes sense. Doing low wage jobs for the extra cash is not, because it's not a lot of cash. Money, like everything, has a diminishing marginal value. The first bunch of money is keeping you alive. If the government provides you that first bunch, your employer is providing much less value to you. Everyone preaches about how UBI will allow people to start businesses and learn skills. Well yeah, but that means they're dropping out of the labor force because they don't need to do those jobs.
How do you incentivize people to work? Pay them more.
- immibis 4y agoIn other words: We have to keep the slaves in poor conditions or else they'll quit working. The only thing we are able to provide to make them work, is a threat of death if they don't. No carrots, only sticks.
- spywaregorilla 4y agoIf you're in a globalized economy that has scarcity, yes. That is the unfortunate truth of it. And you're mostly deluding yourself if you manage to outsource your need for slaves to other countries and think you've done anything particularly good. It's a prisoner's dilemma over and over.
- immibis 4y agoWhat if we redistribute the scarcity so the people with way too much have less and the people with way too little have more?