Re:Universal Basic Income is Capitalism 2.0
by zentiggr on Thursday July 30, 2020 @09:48AM
(#23998050)
That hasn't been a huge problem as minimum wages have been raised.
In theory, yeah, sure, that is the textbook phrasing.
But the lowest tier jobs that are going to be affected is this scenario aren;t remotely close to the largest percentage of total wages, so I can't see any huge shift being induced.
UBI affects the cashflow of those making more than just subsistence money less and less, and I think that diminishing percentage is an aspect of this that gets lost in the battle of philosphicals.
In theory, yeah, sure, that is the textbook phrasing.
But the lowest tier jobs that are going to be affected is this scenario aren;t remotely close to the largest percentage of total wages, so I can't see any huge shift being induced.
UBI affects the cashflow of those making more than just subsistence money less and less, and I think that diminishing percentage is an aspect of this that gets lost in the battle of philosphicals.