I am always wary of supporting a basic income guarantee. Although it sounds much better than the current welfare mess we have, the actual implementation will probably be an addition rather than a replacement.
It Is Time For Basic Income
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Re: It Is Time For Basic Income
#32Unemployment runs no lower that 70% among disabled people in the best of times.
Anyone that is not literally perfect (beautiful, slim, brilliant, healthy, emotionally well centered) faces huge obstacles from the powers that be in our society.
Re: It Is Time For Basic Income
#33Earlier quoted context omitted.
It replaces minimum wage in that McDonalds is welcome to offer a job flipping burgers for $1 an hour if they want. However, because no one _needs_ a job to live (because they can just live on the basic income) someone would only take that job if it was worth it/fulfilling to them.
And this is why the model would not work. I don't believe that there are enough people who would find fulfillment in flipping burgers, unclogging toilets, roofing in AZ in July...
I think you missed the "worth it" part, which substitutes for the "fulfilling" part. Unattractive but low-skill jobs would see higher wages (and, thus, greater incentives to find labor-saving alternatives) until the utility people doing those jobs provided to others was reflected in the reward people doing those jobs received.
Re: It Is Time For Basic Income
#34Re: It Is Time For Basic Income
#35I once saw a job posting for a Web Developer/Python position where the client stated: "$1,000/mo is enough in Belarus."
I stopped to think for a bit: "I hardly made $800/mo when I was freelancing, and I was happiest when I was not working."
I think the biggest argument for Basic Income is to normalize what is already an existing systemic exploitation of a broken system. Professional exploiters and accidental/system-justifier exploiters need to be cut off, which might motivate professionals and invalids to assess our system as more just. I'm sure a positive network effect will follow.
Why not just try it? Why not stop arguing these speculative points and just try it?
It only works if you test.
Re: It Is Time For Basic Income
#36If anything like basic income happens expect immigration to be halted and birthright citizenship grants to be ended. The value and meaning of citizenship will rapidly change and tolerance for outsiders taking a slice of the pie will rapidly plunge. I think there will be a lot of ramifications like this that most people probably aren't considering.
Re: It Is Time For Basic Income
#37I am not at all an economist, but I wonder: if everyone had the same amount of fixed income (in addition to whatever else they made from their jobs), wouldn't there be continual inflation, rendering that money worthless? Wouldn't the fixed income become the new zero income? Also: How does Macdonalds work in this situation, if the fixed income "replaces" minimum wage. Does Macdonalds pay on top of this wage? Do they d…
Basic income might lead to inflation. It's impossible for the basic income to become worthless, though, unless all money becomes worthless. Even if everyone gets $X a month, any other amount of money can be expressed as a multiple of X.
McDonalds in this situation could pay zero wage, if anyone wanted to work at this price. I doubt many would, though. Instead, they would pay $Y in addition to the $X that everyone already gets.
Ideally, no one works at McDonalds, because it's automated. If it can't be automated, then McDonalds has to pay people enough to make it worth working at McDonalds, not just enough to survive. This increases the price of things that aren't automated, which increases the reward for those who can figure out how to automate it.
(Objecting to this automation by pointing out how far away we are from AI / useful robots is like objecting to flight by pointing out how many joints are in a bird's wing. An automated McDonalds will look different than what we have today. Perhaps insisting on human hands preparing and serving their food will become an affection of the wealthy.)
Re: It Is Time For Basic Income
#38I am always wary of supporting a basic income guarantee. Although it sounds much better than the current welfare mess we have, the actual implementation will probably be an addition rather than a replacement.
Re: It Is Time For Basic Income
#39If anything like basic income happens expect immigration to be halted and birthright citizenship grants to be ended. The value and meaning of citizenship will rapidly change and tolerance for outsiders taking a slice of the pie will rapidly plunge. I think there will be a lot of ramifications like this that most people probably aren't considering.
Re: It Is Time For Basic Income
#40I am not at all an economist, but I wonder: if everyone had the same amount of fixed income (in addition to whatever else they made from their jobs), wouldn't there be continual inflation, rendering that money worthless? Wouldn't the fixed income become the new zero income? Also: How does Macdonalds work in this situation, if the fixed income "replaces" minimum wage. Does Macdonalds pay on top of this wage? Do they d…
It replaces minimum wage in that McDonalds is welcome to offer a job flipping burgers for $1 an hour if they want. However, because no one _needs_ a job to live (because they can just live on the basic income) someone would only take that job if it was worth it/fulfilling to them.
Well, someone needs a job for the system to work, since it's presumably funded by taxation. At least one person (more realistically, a large portion of the population) still needs to be creating wealth.