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> the uninteresting or unpleasant jobs will be having to raise pay to get people to work them They do /eventually/, but because working takes time, working a b
by astrange 2y ago
> the uninteresting or unpleasant jobs will be having to raise pay to get people to work them
They do /eventually/, but because working takes time, working a bad job reduces the time you have available to find a better one, which has the effect of giving everyone less than ideal work situations. That's why it's called search theory.
- JoshTriplett 2y agoWith UBI, people don't have to worry as much about lining up the certainty of a better job before quitting a worse one, and people aren't likely to take those worse jobs in the first place unless offered substantially higher pay than they'd have settled for if they needed the job. That and other factors seem likely to make search theory around the minimum wage boundary much less of a problem with UBI.