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Not only do you steal from working people to give to tv watchers, you also structurally shift the market by forcing all jobs to pay more than the baseline minim
by hellojesus 2y ago
Not only do you steal from working people to give to tv watchers, you also structurally shift the market by forcing all jobs to pay more than the baseline minimum wage, which means that all would-be workers that cannot provide more than $x in value to an employer would never be hired. This tends to impact unskilled workers, who tend to need experience to increase the value they can offer employers.
- bryanlarsen 2y agoI think you have it backwards. Let's say somebody is making $1K/month from UBI. They might take a job that pays $1/hour because the difference between $1K/month and $1160/month is very significant. And there'd be no reason to stop jobs from paying $1/hour because everybody already gets UBI.
- exitb 2y agoThat's a quite horrible outcome though. It basically means that this persons income is paid by fellow workers who happened to be more fortunate, so that the business owner can have an almost free workforce.
- bryanlarsen 2y ago> persons income is paid by fellow workers who happened to be more fortunate Yes, this is what happens in all welfare schemes. UBI is no different from any other welfare scheme in this regard.