Re:The evidence behind putting money directly in the pockets...
by JackFr on Wednesday May 20, 2020 @02:38AM
(#23243929)
> I think we just have to accept that UBI would give people that work undesirable/uninteresting jobs an off-ramp from the economy.
I think it just sets a floor on the wages of such undesirable jobs. And if the new wage to attract labor is higher than the marginal product of the worker, itβs likely that the job goes away rather than experiencing wage-driven inflation. In the worst case, this would simply lead to reduced output. In a best case the higher wage demanded would make capital investment more attractive, as it would improve the productivity of employees.
I think it just sets a floor on the wages of such undesirable jobs. And if the new wage to attract labor is higher than the marginal product of the worker, itβs likely that the job goes away rather than experiencing wage-driven inflation. In the worst case, this would simply lead to reduced output. In a best case the higher wage demanded would make capital investment more attractive, as it would improve the productivity of employees.