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This is why wage subsidy (or, related, a job guarantee) is way better than a guaranteed income. If you only hang out with over-achievers, you might be able to
by danielweber 12y ago
This is why wage subsidy (or, related, a job guarantee) is way better than a guaranteed income.
If you only hang out with over-achievers, you might be able to convince yourself that, once freed from the need to earn income, people will become super productive. (Although my own experience at MIT, over-achievers all, was that many people will stop working if they can.)
And once you have defined the ground-floor as people sitting around watching TV and playing video games, what kind of lifestyle do you have for the people manning the fast food restaurants being patronized by those video game players?