Re:Study: A universal basic income would grow the economy
by jrs95 on Thursday August 31, 2017 @10:14AM
(#15140443)
Or someone wasting their time working at one of 10 fast food places that are all right next to each other that no longer has to do that. How much is that job, or even that entire business, really contributing to the economy?
Re:Study: A universal basic income would grow the economy
by mseebach on Thursday August 31, 2017 @10:21AM
(#15140493)
Fast food? Actually, literally feeding people? It's contributing a lot to the economy.
Re:Study: A universal basic income would grow the economy
by jrs95 on Thursday August 31, 2017 @10:32AM
(#15140577)
It's not like anyone is going to starve it a few of these places close. Once you factor in the negative health effects and the wasted potential of everyone staffing the place, I think the negative impact a basic income policy would have on the industry could actually be a good thing in the long run.
Re:Study: A universal basic income would grow the economy
by garrettdc on Thursday August 31, 2017 @10:33AM
(#15140584)
If you consider top-tier fast food chains have an average gross revenue > ~$2M and profits ~$100K, then that means The vast majority of that $2M is being dumped back into the economy in the form of purchasing supplies, equipment, and labor.
The other benefit for those not employed by or involved in the restaurant's supply chain is cheap and convenient food.
OTOH, imagine parents that today can't be present to raise their kids may have the option of dropping one of their jobs to be with their family.