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I 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/mo
by bryanlarsen 2y ago
I 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.