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People kept working, became healthier while on basic income: report

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Re: People kept working, became healthier while on basic income: report

#591
I wish the report broke out the family health benefits based on if the participant gained/lost work did/didn't go to school. (edit: Also provide a category for those that were too ill to work to begin with.) From the conclusion:

>As for the labour market participation of survey respondents, over half indicated working before and during the pilot (54%) while less than a quarter were unemployed before and during the pilot (24%). Slightly less than one-fifth were employed before but unemployed during the pilot (17%) and a smaller number reported not working before but finding work during the pilot (5%). Just under half of those who stopped working during the pilot returned to school to improve their future employability (40.6%).

>Those who were working both before and during the pilot reported improvements in their rate of pay (37%), working conditions (31%) and job security (27%). The entire survey sample reported other work-related improvements such as searching more easily for a job (61%),staying motivated to find better employment (79%) and starting school or an educational training program (26%).

https://labourstudies.mcmaster.ca/documents/southern-ontario...

Re: People kept working, became healthier while on basic income: report

#592
As others have said this study doesn't have enough data to be conclusive. So most people, including me, comment based on which of the following we believe in:

1. People are inherently lazy. UBI will encourage them to do less. 2. People are inherently interested in maximizing their potential. UBI will enable them to do more.

I couldn't find any social science research on which of the above is more true. But if we could tell maybe that can help us guess at how many UBI recipients will abuse the system as that seems to be the main concern around UBI.

Re: People kept working, became healthier while on basic income: report

#593

Earlier quoted context omitted.

The only folks I saw working minimum wage to support the family didn't have those worries. Now I'll grant that health insurance was a lot cheaper 20 years ago, but still they didn't worry about payday loans - they weren't dumb enough to take them out. (I don't know who does - my personal experience doesn't show anyone doing it, but again that was 20 years ago when they weren't a thing) The ones I knew working minimum…

"Their abilities vary, but UBI won't help them as they will just waste it on some other scam." This is correct. For scammers this will be a new gold mine. But I guess it will be a gold mine for everyone. It's 2.8 trillion every year injected into the economy. If you look at it like that than the question is, how can I divert some of that money into my own pockets?

Sounds like a good incentive to start services to actually help protect those most vulnerable to scams - my own mother could have benefited from something similar as one of her caretakers bilked her out of a few thousand dollars toward the end of her life.

A 'fool them once, shame on you... but it won't happen again!' policy would be a welcome thing.

Re: People kept working, became healthier while on basic income: report

#594
post #510

Earlier quoted context omitted.

Sure, so ... who do we force to do the janitorial work once nobody has to work anymore? Or does the need for it magically vanish? If the answer is "we pay them more", great. We're paying more to janitors, janitorial work gets more expensive, we need to make more to afford it, we need more UBI, janitorial work becomes unattractive. You'll have to give up a significant part of your (real, not nominal) income to make a…

If I give you 1k, you get some amount of spending power x, if I give everyone 1k and you're on the lower end of the income scale then you've got an additional spending power y. 0 The reimbursement of janitors might go up with UBI, that's fine, if it's going up then it means that something in the current market situation was artificially holding back their reimbursement. The market can correct pretty easily for UBI an…

If you let the market respond, it will just price in the UBI, and you'll end up with pretty much the situation we have today, only with prices increased by some amount and some added bureaucracy.

> maybe [...] we discover that people working in an office should, once a week, empty their own trash cans

They can do that today, it's just more efficient to pay somebody else to do it than to have you, a highly-paid software developer, do it. It's more efficient to have you do complicated software things than mopping floors and emptying the trash can.

I'm all with you that there's a disconnect in today's wages where high-skill knowledge workers get out-of-proportion amounts of money while low-skill manual labor is basically priced at the minimum amount you need to survive.

I don't believe that UBI will solve that if you keep everything else (that is: markets) the same. And I don't see any compelling argument that some (new or old) alternative system that you or I or some people that are way smarter than us could come up with would work more efficiently than our largely-self-optimizing market system. So I'm not a fan of "well, out with the markets if they are what's holding us back", because the risk of it failing catastrophically are just too high to go "well, maybe it'll work this time".

I'm happy to be wrong, and I'm far from an expert on any of this, but there's too much hand-waving in UBI suggestions for my taste. Some proponents seriously claim that "doing away with be bureaucratic overhead" would be enough to finance UBI, and I'm dumbfounded that they haven't even done any rough guesstimates of the numbers to realize that they are wrong by orders of magnitude.

Controlling inflation will be a massive issue, and I don't haven't heard any convincing answers.

If you find a way to convince the super majority that "more more more for me me me" isn't going to make them happy in the long run, that more cooperation etc will benefit everyone (including themselves), the chances are certainly better, but let's find a way to convince them first and then change the system and not change the system and pray to any and all gods that they will become convinced to avert a catastrophic failure.

Re: People kept working, became healthier while on basic income: report

#595
post #515

Earlier quoted context omitted.

> You can go to a bank and take a loan against your UBI. Basically a government subsidy for loans. Trying to figure out how this would work. Presumably a bank would only lend a portion of the UBI to you

Quite simple, you'd borrow a lump sum and the bank would accept on the basis you have a guaranteed income and therefore able to make the repayments.

If you default on the payments after spending the loan, how will they collect? There's no collateral to sell to recoup the principal, and the government isn't obligated to back up the loan you took, only to keep paying you UBI going forward.

Therefore, the loan would have to be dismissable in bankruptcy. So a UBI loan basically reduces down to nothing more than an unsecured "personal loan", which is something you can get today, albeit at very high interest rates:

https://www.nerdwallet.com/personal-loans?annualIncomeFilter...

Re: People kept working, became healthier while on basic income: report

#596

Earlier quoted context omitted.

> doesn't prepare them to do anything Wait, what? I mean, I guess that just watching your parents work doesn’t “prepare” you for work any more than watching TV does, but that’s because it’s completely unrelated. Watching your parents go to high-powered executive jobs doesn’t “prepare” you for work in the 21st century either, education does. My father was a police officer (they don’t make much money) and my mother sta…

That's not true. You're saying the example your parents set has no effect on children and we know that's not the case

I said exactly the opposite. If I had watched my father sitting around doing nothing, I probably would have grown up to sit around doing nothing. I saw him working instead, and he set a positive example, even though his job wasn't a high-paying "powerful" one.

Re: People kept working, became healthier while on basic income: report

#597

Earlier quoted context omitted.

> doesn't prepare them to do anything Wait, what? I mean, I guess that just watching your parents work doesn’t “prepare” you for work any more than watching TV does, but that’s because it’s completely unrelated. Watching your parents go to high-powered executive jobs doesn’t “prepare” you for work in the 21st century either, education does. My father was a police officer (they don’t make much money) and my mother sta…

Watching your parents handle a high-powered executive job very much does prepare you for work in the 21st century - a certain kind of work, anyway.

I grew up poor in a very wealthy suburb and went to high school with a lot of children of high powered executives and attorneys. In my experience they were in no way prepared for the real world, unless by prepared you mean living with zero parental guidance and no sense of the value of money.

Re: People kept working, became healthier while on basic income: report

#598

Earlier quoted context omitted.

> basic income SHOULD disincentivise work; it's a boost for society, health, well-being, children, etc Less work means less is produced, so society as a whole becomes poorer. There's simply less goods. Less produced also shrinks the tax base, so tax rates must be raised to continue to pay for the basic income. Higher taxes would then dissuade more people from working, or leading them also to work less. Now there's mo…

Number of hours worked is not equal to production or richness of a society. Productivity equals production. A small team of engineers who design and create a machine to build brick walls en masse, could have the same productivity as hundreds of thousands of bricklayers working 16 hours a day. A good example of this are Silicon valley, Singapore or New York, which are small social groups that have more economic and so…

> Productivity equals production.

Yep, and when significant numbers of people simply stop working, as has been demonstrated in every experiment on basic income, production drops similarly. 0 work * any finite rate of production = 0 output.

Recessions/depressions are caused by smaller drops in production than those seen in basic income. Production includes food, medicine, services, and things that make life better for all.

>A small team of engineers who design and create a machine to build brick walls en masse, could have the same productivity as hundreds of thousands of bricklayers working 16 hours a day.

Then let them do it. That they have not done so thus far is not because we didn't have basic income. Postulating this mythical event as a counter to the empirical evidence that production did drop significantly during actual basic income is not compelling.

>generally more efficient and sustainable to have better education and social conditions for workers, than to exploit them

Then start such a company, and your better, happier, more efficient workers should beat out those other inefficient companies.

Again, this hasn't happened, despite many people trying to make such companies, only to realize that things don't work this way for valid reasons.

Re: People kept working, became healthier while on basic income: report

#599
post #500
post #304

Earlier quoted context omitted.

> millions of people lack the basic material resources needed to fulfill anything close to their potential There is a limited amount of capital in the world. Distributing it now might help those at home, but it does not help the billion people who still lack electricity. There simply is not enough capital in the world to build trillions of dollars worth of infrastructure for free. Investment is a much better vehicle…

UBI doesn’t get stuffed under the mattress, it gets spent, buying electricity, funding investment into electricity networks. Give money to the poor and most of it will end up back at the rich. It doesn’t work as well trickling down.

Money will eventually circulate everywhere, but it's a matter of efficiency. This is an immense simplification, but to illustrate the intuition, consider 2 options:

1. Apple spends $10 million dollars to build a factory in a developing country. This creates 2,000 jobs over a couple years. These people can finally afford to see a doctor and heat up their homes during the winter.

2. Apple gets taxed $10 million that funds 1000 people's UBI. Their lives are somewhat less stressful. There is a higher demand for Iphones, so Apple can charge a bit more money for them. After a decade, they are able to open an additional factory. However, within that decade, 100 people in that developing country died of a disease that would be easily cured with medicine had they had they been able to work at the factory 10 years ago.

Re: People kept working, became healthier while on basic income: report

#600
I think a good iterative solution is to keep pay the same but change all laws to pivot around a 32-hour work week instead of 40. This will force employers to hire more people or pay more over time for any work past 32 hours. I think UBI is an extreme solution to the problems that globalization and automation presents. It's better to spread the existing labor. After a certain point we could move down to 24 hour work week finally down to a UBI model when no labor is required.
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