Re:European Citizen's Initiative for Unconditional Basic Income
by Scandiravian on Wednesday December 30, 2020 @05:42AM
(#25580549)
I've never thought of it that way. It's an interesting idea, that I want to understand better, so I'll spend a few hours reading up on this today.
Your post taught me something new, which I probably wouldn't have found out on my own. Thank you :)
So having an UBI is not really that different than change in demand from one set of products to another, which the economy should be able to handle even according to classical theories. But people are still rewarded for useful work even in the system with UBI, as usual. In fact, if many people decide not to work with UBI, and you do a useful job, your salary might go up, since demand from all these people for your work has gone up.