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If those jobs are really absolutely vital, in a basic income regime they would be well paying enough to entice people to earn the extra disposable income.
by zuminator 1y ago
If those jobs are really absolutely vital, in a basic income regime they would be well paying enough to entice people to earn the extra disposable income.
- barnabee 1y agoPrecisely. There’d likely be a large wealth transfer back towards boring and less skilled jobs if we couldn’t rely on large numbers of people literally having no choice but to take any job they can get. I struggle to understand how anyone could consider that a bad thing other than for completely selfish reasons.
- 9x39 1y ago>if we couldn’t rely on large numbers of people literally having no choice but to take any job they can get. Having a massive quasi-legal underclass is a choice and it doesn't require UBI to solve it.
- appreciatorBus 1y agoSo food will be more expensive?
- 44520297 1y agoMore expensive relative to what? In nominal terms, everything gets more expensive because of inflation eventually.
- 9x39 1y agoRelative to goods with elastic demand, food prices will rise faster because we have to eat. Food prices are also sensitive to its input prices, which also have inelastic demand.
- AngryData 1y agoLabor is a tiny fraction of the cost of food. Last time I did the math only 1% of the cost of flour goes towards a farmer's labor.