The indignity of no work
economist.com
The indignity of no work
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Re: The indignity of no work
#2Interesting times ahead. It's going to be painful getting there, if we get there at all, but the idea of a Universal Basic Income seems to be getting more popular. (It wasn't so long ago it was pretty much pure sci-fi.) Particularly I guess as it begins to look like modern capitalism may not actually be good at providing jobs for everyone who needs one.
Potentially UBIs could be very good for the world, freeing people to work on things they personally desire and value, and in some ways redistributing the 'means of production' back to the little guy.
Re: The indignity of no work
#3Re: The indignity of no work
#4> A world in which a healthy adult has the reasonable expectation of earning a decent living while working full-time at a market wage is absolutely a world in which the dignity of work is a useful social value to cultivate. In a world in which that is not a reasonable expectation, the dignity of work can be a harmful concept. Interesting times ahead. It's going to be painful getting there, if we get there at all, but…
Freeing people to work on things they desire will mean no one will ever wash dishes at a restaurant, no one will pick up trash, no one will spend time wiring your house for internet, or fix your computer, or do a large swath of jobs. The argument that with UBI people will still do that only for more money is crazy, since the taxes would have to be so high to support UBI that the costs would dwarf what people could afford.
As these services collapse so to will higher paying ones; lets see a doctor get up early to wash the floors of her practice since she can't afford to hire a cleaning staff and still charge patients a reasonable rate.
Re: The indignity of no work
#5It seems to me that since 1945 the US has been mostly right wing and is turning left radically, while the opposite is true in the EU.
Re: The indignity of no work
#6Re: The indignity of no work
#7This is slightly off topic. Work is rather a vague term. If you break it down into it's components: effort, compensation, social-benefit, etc. then you can start to assign relative merit to different kinds of work. For example financiers which might be categorised as: high compensation, low to moderate effort and low social benefit and janitors: low compensation, moderate effort, low compensation. Now you can start t…
As for automation, I completely disagree - we automate where we can get the biggest gain on output. So if something costs a lot or has high social benefit we should automate it as much as possible so that it can provide more benefits to more people.
Re: The indignity of no work
#8> A world in which a healthy adult has the reasonable expectation of earning a decent living while working full-time at a market wage is absolutely a world in which the dignity of work is a useful social value to cultivate. In a world in which that is not a reasonable expectation, the dignity of work can be a harmful concept. Interesting times ahead. It's going to be painful getting there, if we get there at all, but…
The idea of a basic income is still sci-fi. There just isn't that much money. Freeing people to work on things they desire will mean no one will ever wash dishes at a restaurant, no one will pick up trash, no one will spend time wiring your house for internet, or fix your computer, or do a large swath of jobs. The argument that with UBI people will still do that only for more money is crazy, since the taxes would hav…
Certainly, some businesses will not be able to hire as many (or any) dishwashers/etc, but those that they do hire will have to be paid more. But that is a natural extension of decreasing the supply of labor.
The higher price that businesses will pay for labor will also push them to invest in capital (automation).
Re: The indignity of no work
#9Re: The indignity of no work
#10> A world in which a healthy adult has the reasonable expectation of earning a decent living while working full-time at a market wage is absolutely a world in which the dignity of work is a useful social value to cultivate. In a world in which that is not a reasonable expectation, the dignity of work can be a harmful concept. Interesting times ahead. It's going to be painful getting there, if we get there at all, but…
The idea of a basic income is still sci-fi. There just isn't that much money. Freeing people to work on things they desire will mean no one will ever wash dishes at a restaurant, no one will pick up trash, no one will spend time wiring your house for internet, or fix your computer, or do a large swath of jobs. The argument that with UBI people will still do that only for more money is crazy, since the taxes would hav…
Unless they want more money, of course. Hands up everyone who might want more money than the minimum needed to survive.