Oh, I see now. That at least makes some sense. But surely you could construct some formula to mitigate that effect, if not eliminate it? I fear that many argum

Oh, I see now. That at least makes some sense. But surely you could construct some formula to mitigate that effect, if not eliminate it? I fear that many arguments about incentive and disincentive are just morality tales anyway, based on beliefs about human nature. It's easy to imagine opposite stories. Maybe there will be a social incentive to work. Maybe there won't be enough jobs for everyone anyway. Maybe the disincentive to work will make wages go high enough that they become an incentive to work again. Maybe the disincentive to do menial jobs will free up incentive to do creative things, a net win for society. It's easy to make these things up, and everyone mostly does it based on whether they already like or dislike an idea. (I rather like this one. Megan Mcardle presumably doesn't.) But do we have a good way to decide between them?