3 ms·
Every time I stumble upon a thread like this one, multiple posters react with "but everybody will stop working!". I always find this reaction to be curious. Wh
by emmacharp 3y ago
Every time I stumble upon a thread like this one, multiple posters react with "but everybody will stop working!". I always find this reaction to be curious.
Why are we working now if, only by not being afraid of starvation and homelessness, we shall stop doing so? It seems to me only two conclusions follow:
1. It means that the actual labor market isn't free since we are essentially coerced into exchanging by fear of being destitute.
2. It means that the free market does not operate properly since if it was, the price of labor would adjust to find a new equilibrium where employers and employees satisfied by the exchange.
UBI would not induce mass idleness. It would rebalance labor relations.