139
How to build a well-designed national basic income program – at half the cost
(policyoptions.irpp.org)
this post was submitted on 10 May 2025
139 points (96.6% liked)
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Can you reword your response to the scale of a country rather than an individual?
Primarily how basic income would increase competition for labour? Stating an anecdotal scenario where you have more opportunity is a nice thought but does little to support or dispose the proposal
I can appreciate the sentiment of wanting to give back to community when you’re grateful and many people do donate and volunteer their time for such causes.
Your point that it could remove the need for minimum wage is a scary thought when you consider the corporate obligation to maximize investor returns.
UBI directly creates economic growth by having more people able to afford more things. That means needing more people to make and sell the things. The freedom to say no to work makes it easier for people who want jobs to get better jobs.
Your fear is that corrupt markets are the normal inescapable form of markets. That we are all just slaves desperately hoping for the kindest of asshole master to pay us for work. UBI fixes the power imbalance (corruption) in labour market. It also means power redistribution to the people.
Please refer to our aging population and labour shortage for the pain points of people choosing better jobs like it sounds good in a vacuum but it really doesn’t hold up as a silver bullet.
It’s not so much they’re corrupt it’s just how markets are designed to flow from consumers to businesses.. they are relentlessly efficient and exploit human ignorance by design any increase in demand will drive increase in labour wanted if they can’t get someone here to make it what have they done so far? Go elsewhere to do it cheaper lol
imports or automation or immigration is a path to lower cost of stuff and provide improved quality of life as a result. There is still employment/income potential from selling the stuff. Influencer is such a job.
Fair labour market would require that labour is not made desperate by structural threats of homelessness and starvation. Structural supremacism of capital/business policies is corruption of labour markets.
Imports and immigration are just passing the burden of the shit jobs onto other undeserving populations capitalism still grinds away just out of sight.
automation is viable but when it’s implemented in a way that reduces manufacturing cost to increase shareholder value it fails to improve standard of living for those who don’t share in the value.
It really boils down to our reliance on private equity to support our open market economy. private equity’s goals don’t align with public good and ubi doesn’t make that go away
That won't be stopped. UBI does improve standard of living of everyone, and is a better policy than subsidizing/fighting for overpaid jobs for a select few.