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There are many types of job where market forces cannot solve the problem. (Within the context of the Universal Basic Income) there may entire categories of type
by smackay 13y ago
There are many types of job where market forces cannot solve the problem. (Within the context of the Universal Basic Income) there may entire categories of types of job that could be created to solve social (in the most general sense) or civic problems. For example charitable or education related activities are low to no profit - or at least it is not easy to measure their benefit directly or immediately, but high social value in the sense that they mitigate future problem that result in increase expenditures or taxes and so have long term value. Since the market uses money and direct profit as a means to measure everything it simply cannot deal with this.
- graphene 13y agoTwo examples that invalidate your last sentence would be Khan Academy and Mozilla -- both very competitive places to get a job, yet they don't pay substantially above market; their mission is what draws employees in. Not all competitive forces are financial in nature. We could argue about the extent to which these nonfinancial competitive forces influence (or ought to influence) the market, but saying that they "simply cannot" seems false.