Re:A Basic Income Should Be the Next Big Thing
by pjc50 on Tuesday May 03, 2016 @08:33AM
(#11619964)
I was arguing about the effect on GDP, where "not having to pay for child care" appears as a negative effect, a smaller GDP.
From a GDP-maximising point of view, it's better for everyone to contract out every aspect of their household than it is to do it themselves. An economy built on taking in each other's washing has a much higher GDP than one where each does their own. Stepping back from GDP makes that look nonsensical.
From a GDP-maximising point of view, it's better for everyone to contract out every aspect of their household than it is to do it themselves. An economy built on taking in each other's washing has a much higher GDP than one where each does their own. Stepping back from GDP makes that look nonsensical.