In a primarily private sector “market” supply chain etc does basic income not just put downward pressure on wages in the form of a pseudo business subsidy ick.
The freedom to say no to job offers, or unfair working conditions, suggests a higher pressure on wages. Getting 5 recruiter calls per day would also raise your wages.
OTOH, people liking their society and wanting to give back might motivate them to work a few hours for beer money. The previous dynamic can mean eliminating minimum wage. You might be happy to work in a library for $3/hour if you feel it is helping educate society, and it doesn’t happen to be illegal, as an example.
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 point that it could remove the need for minimum wage is a scary thought when you consider the corporate obligation to maximize investor returns.
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.
The freedom to say no to job offers, or unfair working conditions, suggests a higher pressure on wages. Getting 5 recruiter calls per day would also raise your wages.
OTOH, people liking their society and wanting to give back might motivate them to work a few hours for beer money. The previous dynamic can mean eliminating minimum wage. You might be happy to work in a library for $3/hour if you feel it is helping educate society, and it doesn’t happen to be illegal, as an example.
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.