Re:Moving Forward on Basic Income
by kbenson on Wednesday June 01, 2016 @01:34PM
(#11816414)
> SO when an employer is forced to pay all employees a basic income
Wait, I'm not sure what you're talking about here. Employers don't pay a basic income, the government does (so by extension we all do, through taxes).
I'm not sure how it will shake out, but there are pressures to both reduce and increase pay in a BI system. Everyone is getting a base level of income, so wages across the board will drop (but companies will be paying more in taxes, so it's offset somewhat). On the other hand, there will be less applicants for crap jobs, so the wages for those will likely go up. Then again, maybe a crap job isn't so bad if you don't have to do it 40 hours a week, and since people won't need the work as much as want it for increased spending power, maybe you can fill what was a single position with 2-3 part-time positions, and people will accept less pay because they aren't doing it all week long.
The biggest problem with moving to BI is that there are so many variables that are affected it's impossible to say with any confidence how it would settle. Experiments like this help with that, but even they can only go so far when the people are interspersed with others that are not on a BI system.
Wait, I'm not sure what you're talking about here. Employers don't pay a basic income, the government does (so by extension we all do, through taxes).
I'm not sure how it will shake out, but there are pressures to both reduce and increase pay in a BI system. Everyone is getting a base level of income, so wages across the board will drop (but companies will be paying more in taxes, so it's offset somewhat). On the other hand, there will be less applicants for crap jobs, so the wages for those will likely go up. Then again, maybe a crap job isn't so bad if you don't have to do it 40 hours a week, and since people won't need the work as much as want it for increased spending power, maybe you can fill what was a single position with 2-3 part-time positions, and people will accept less pay because they aren't doing it all week long.
The biggest problem with moving to BI is that there are so many variables that are affected it's impossible to say with any confidence how it would settle. Experiments like this help with that, but even they can only go so far when the people are interspersed with others that are not on a BI system.