UBI Would Likely Increase Poverty Rather Than Reduce It (2019)

Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by ryandrake on Monday October 10, 2022 @09:24PM (#33158378)

> And before anyone says, "he should pay them more"; no. If he payed more, he would have to take a paycut for himself because his prices would not be competitive.

Well that would not do at all. A business owner choosing to profit less so that his business could continue operating and his workers got a market wage? Get out of here with that crazy talk!

[ Parent | on HN ]

Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by rtp4me on Monday October 10, 2022 @10:32PM (#33158835)

The real "market wage" was set prior to COVID - not during COVID with the tons of weekly unemployment checks handed out like candy. How can a small business owner even compete with the unlimited funding of the govt?

Furthermore, why should a business owner profit less simply because able-bodied people were greedy and wanted free govt money over working a job? That is the real crazy talk.

[ Parent | on HN ]

Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by kcplate on Monday October 10, 2022 @11:04PM (#33159028)

It’s quite likely that he could not afford to take a pay cut. I never understand why people seem to automatically believe that small business owners (especially in rural communities) are just so damned wealthy that they can afford to just pay themselves less.

Most small business owners make significantly less than the average software developers commenting on HN.

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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by rtp4me on Tuesday October 11, 2022 @08:19AM (#33162451)

^This - 100%

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