4 ms·
This still has a flaw that it makes low wage jobs pretty unappealing. Why work fulltime for 50k a year when you can make 40k without working? Or even worse, who
by dbpatterson 12y ago
This still has a flaw that it makes low wage jobs pretty unappealing. Why work fulltime for 50k a year when you can make 40k without working? Or even worse, who would ever work fulltime for 40k a year? Perhaps this means that there won't be low wage jobs, but this seems somewhat odd, as the taxation structure would be strange (need to tax enough for basic income, but companies would need to be paying probably 60k or greater on any job just to get someone to fill it).
Better to give a guaranteed income to everyone, and then let wages get as low as they want. The upside is that it changes the incentives so that work that is necessary (but undesirable) becomes more highly compensated, whereas work that is desirable becomes less compensated (and/or working for free becomes something that isn't just the domain of the wealthy).
- johnward 12y agoIt probably wasn't dollar per dollar as the other poster suggest but at a certain point there was no assistance.