Re:Universal Basic Income is Capitalism 2.0
by thebean11 on Thursday July 30, 2020 @10:29AM
(#23998582)
And time and time again, things that by conventional wisdom would increase inflation somehow don't. Macroeconomics isn't that simple, and posting a wikipedia article isn't an argument.
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Re:Universal Basic Income is Capitalism 2.0
by phone8675309 on Thursday July 30, 2020 @12:03PM
(#23999713)
You'd think that employers would be all over UBI then because it means that they can instantly cut the wages of their workers by the amount of the UBI and that more people will have money to purchase their goods and services.
Re:Universal Basic Income is Capitalism 2.0
by tspike on Thursday July 30, 2020 @12:38PM
(#24000188)
Companies that depend on underpaid workers will fight this tooth and nail.
Re:Universal Basic Income is Capitalism 2.0
by phone8675309 on Thursday July 30, 2020 @08:06PM
(#24004261)
Why? It means that they can pay less than they do now and still retain workers. How is it not a positive benefit for them? It potentially means that people working for them actually want to work and aren’t doing it just to survive.
Re:Universal Basic Income is Capitalism 2.0
by tspike on Thursday July 30, 2020 @11:43PM
(#24005436)
Because the jobs they're offering are shitty, demeaning and menial, and most people who take them are doing so because they need to survive. Absent the survival need, the companies will have to dramatically improve working conditions to maintain the sheer quantity of labor they require.
Re:Universal Basic Income is Capitalism 2.0
by phone8675309 on Tuesday August 04, 2020 @02:54PM
(#24053281)
Perhaps, but the reduced wages (since total income is now UBI + wage instead of 0 + wages) sounds like it will more than make up for whatever increased costs they may have to make the working environment less shitty.