Re:Universal Basic Income is Capitalism 2.0
by Nasrudith on Thursday July 30, 2020 @11:39AM
(#23999419)
A model working and producing a personally.desired outcome are two separate things.
The assumption of a labor shortage because of low nominal unemployment is incorrect - the gig economy is thin margin as it is even with poor pay. It utilizes the previously "idle" labor in a marginal business model but without sufficient demand in other sectors it only provides a low floor.
The assumption of a labor shortage because of low nominal unemployment is incorrect - the gig economy is thin margin as it is even with poor pay. It utilizes the previously "idle" labor in a marginal business model but without sufficient demand in other sectors it only provides a low floor.