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42 sats \ 3 replies \ @stack_harder OP 11 May \ parent \ on: IF there was UBI who would fund it? econ
i mean we already have a lot of people (outside of gov jobs, of course!) getting put on reduced hours, zero hour contracts, being reclassified as contractors etc and usually this money isn't alone to afford any kind of life, or you have working poor with 3 jobs etc
maybe a ubi would be a top up to this , i still wonder how it would be funded tho
We're in an early intermediate stage. There will be lots of adjustments in the labor market and many will be painful for people, especially those trying to continue on with business as usual.
One of the interesting things about UBI that I haven't seen discussed very widely is how different the impacts will be on different kinds of jobs.
What a UBI does is raise people's "reservation wages", which is why it's expected to increase unemployment. However, I expect people will mostly be happy to continue earning normal wages from jobs they enjoy. Where higher reservation wages will really have an impact is on unpleasant and dangerous jobs, which are often low wage jobs now.
So, those working class folks with several jobs would probably see the most dramatic positive impact, while people like me will probably continue on as though not much changed.
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i mean yeah, i suppose the way i imagine it is basically like some kind of welfare where the goc would say if you're under this income level you need it, if you are already in a good job etc, then you wouldn't need it
kind of like super welfare
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That's not UBI, though.
Part of the logic of UBI is that it's much easier to administer and it justifies cutting lots of specific government expenditures because everyone is receiving funds to pay for the market versions.
Another part is that UBI allows more job transitions for everyone, which amongst other things puts pressure on employers to make their workplaces better for employees.
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