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It seems impossible that they would not continue to work. Some of them would not either because they want to do nothing or because they want to invest in their
by jncfhnb 2y ago
It seems impossible that they would not continue to work.
Some of them would not either because they want to do nothing or because they want to invest in their skills; and so there would be a labor shortage and wages would rise and prices would rise and it would all equilibrium out to the point where people need to work to survive again (or UBI is raised to meet the B) and the whole economy gets a little less competitive with outsourced labor that doesn’t play this game.
That’s not a complete loss, mind you. A situation where poor people need to work to survive but a large percent of their income is guaranteed has merits.