If you believe the Keynesians or the Monetarists, it's because they refuse to work at a lower nominal wage than before. Unemployment/welfare/etc makes this an a

If you believe the Keynesians or the Monetarists, it's because they refuse to work at a lower nominal wage than before. Unemployment/welfare/etc makes this an appealing prospect, and Basic Income only makes the problem worse. Sorry, how is that? Under the current scheme, if I increase my wages (from $0 to $10k or from $8k to $14k or whatever), I lose my benefits. Under Basic Income, I do not lose my benefits; I only gain by increasing my wages.