https://en.wikipedia.org/wiki/Legalized_abortion_and_crime_e...
https://www.economist.com/by-invitation/2024/04/08/steven-le... | https://archive.today/m3zl0 ("Steven Levitt and John Donohue defend a finding made famous by “Freakonomics”")
There's a strong case to be made that a minimum wage helps people whose value approaches the minimum while hurting people above or below (e.g. $12 and $18 wages in an unlimited market both round to $15 with a minimum, while someone who only produces $7 of value is no longer employable). Similarly with cash infusions - giving people more money is inflationary.
Nobody wants to live in a world where people are trying to participate in society and failing. That's truly heartbreaking.
At the same time, naive solutions (decide a "living wage" and force people to pay it, set up and enforce rent control, give out stimulus payments) seem to have a lot of second-order effects/unintended consequences without actually solving the problems they're meant to solve.
Yes, this is UBI. But phrased as a tax cut makes it politically viable (at least in the US).
One of the classic unintended consequences of social welfare is making someone at the bottom unwilling to work. We saw this during the pandemic when people in formerly low-wage jobs got a lot of cash assistance and stopped being interested in low-wage jobs. (Remember all the "help wanted" signs and early closing hours at local restaurants?)
I'm curious to see an example scale that would continue to incentivize social behavior the whole way up the chain - avoiding the "oh I don't want to make $100 more dollars because I'm in a sweet spot now and bad things happen at $99."
You can certainly argue that many of the current disincentives are bugs in the bureaucracy. I'd like to see a proposal for the UBI tax scale you describe that doesn't have any bugs (that is, bumps in the distribution where people are afraid to reach for state C from state A, because the intermediary state B is worse than A).
It also becomes clearly tenable with households of more than 1. Supporting a family of 2-3 on $24k-36k is like, yep, I've met married international grad students. Of course they'll spring for supplemental income where available, but as a baseline it is tenuously "enough".
I remember this, the cash assistance gave people back their time to focus on starting their own businesses, pursuing self-education, taking care of their kids, etc. It was fully apparent to me that these low-wage jobs effectively trapped people by sucking up all the time they had for self-improvement.
Unwilling to work or temporarily not desperate to stay alive? How many receiving assistance were still working, just doing it less?
The only studies on outcomes I recall is that a lot of kids were no longer experiencing food insecurity.
https://www.heart.org/en/news/2021/09/22/food-insecuritys-lo...
In any case, given how badly broken the current system is, surely it's at least worth a try?
1) A check (issued by Social Security service?) if income is less than X
2) Less of your paycheck being withheld if your income is greater than X (or more if you're significantly above X, depending on how this gets funded)
Expansion of the EITC program is fairly well-regarded among economists and has been historically quite popular! We should do more of it!
Now that program is gone and minimum wage for fast food is $20/hr. She simply cannot perform $20/hr worth of work, so she's unemployed (and living on government assistance).
The previous arrangement was fantastic because the work gave her a purpose and something to do all day, and she contributed to society while saving the government money. Now she stays home and watches TV endlessly.
This has informed my ideas - I think supplementing minimum wages could be a better alternative to UBI (with some exceptions).
https://www.dol.gov/agencies/whd/fact-sheets/39-14c-subminim...
This is the wrong model. You're using a worker's wage to describe their productivity, and a big reason for the mess we're in is that wages stopped increasing with productivity fifty years ago. (search "wages productivity graph")
Imagine someone's contribution to a business increases revenue by $1000 and the total cost to employ that person for the same period is $800. Do you think most businesses would go "nope, we only hire highly leveraged people who produce $2000 in revenue"?
There are inefficiencies in scale (like communication/bookkeeping overhead) that might disincentivize a business from growing, but generally speaking, I think it's fine to model decisions as rational cost/benefit ones.
Workers who are only "worth it" at some wage. Nobody is going to pay you a million dollars to go sell a hundred dollars worth of stuff. If the value you can earn on the market is sufficiently lower than what someone is allowed to pay, they simply won't hire you. That's bad for everyone.
$7.25 x 8 hours = $58 for the day. However what they create is based on output, which for most businesses, varies day by day along with their sales.
A McDonald's could sell 500 burgers in one day at one location, but only 300 at another. In this case the employee at the larger restaurant generates 2/5 more value than the employee at the smaller one, even if both can output at the same speed and quality. So, in reality, the employee at the larger restaurant is being exploited by 2/5 more than the employee at the smaller location. Which also means the employee at the smaller location is getting paid more for doing 2/5 less work than an equally capable employee.
Profits are multiplicative yet unpredictable, while labor is static and predictable.
For example, suppose janitors all make the minimum wage. If we increase it, there might be some company at the margin that will go without janitorial services, but most companies will pay their janitors the new wage, which (from the "a worker costs $X and produces $Y" model's perspective) will look a lot like the nation's janitors suddenly started producing more value. Ergo, it's not to say that that model is wrong, just that it's not useful in answering a question like should we increase the minimum wage.
I don't think we put enough money behind it today, but the Earned Income Tax Credit is designed to do this while minimizing the disincentives for people to work. https://www.cbpp.org/research/policy-basics-the-earned-incom...
Baseline quality of life isn't decided just by pay. I find that society doesn't support people having a baseline quality of life when it comes to areas other than pay, so it makes me question the motives of society in the case of pay.
In the short term it would make a lot of stuff less efficient, but when people talk about "efficiency" they really mean driving costs down and driving income up. So we really don't want an efficient capitalist economy, we want a capitalist economy that is just efficient enough to meet our needs while not being so efficient that a few people can exploit that efficiency and run away with our things.
It's fun, because you can get virtually everyone to agree that people should only have sex they mean to have, but as soon as you suggest they should only have sex when all parties involved have carefully and accurately assessed the risk of pregnancy, you're a killjoy.
Speedrunning human extinction?
We should empower people who want children to succeed, and empower people who don't want children to never have them. What happens after that, we can solve for.
It's easy to imagine 'oh we'll just fix it if it becomes a serious problem like that' but imagine the state of society when that starts happening. All markets/consumption will be decreasing by 50% every 20 years, there will be a very upside down population pyramid where the overwhelming majority of the population will be elderly and need care, so forth and so on. Japan, for instance, hasn't even hit the worst of it yet. Their fertility plummeted about 40 years ago. So their 'final stage' is yet still about 20 years away. Today are the good times for Japan, relative to what they have ahead of them.
Given most of the Western world can't maintain a remotely stable fertility rate in the current situation, doing something that would likely quite substantially lower it even further is indeed speedrunning the extinction of Western civilization!
The state of my own personal society is my apartment costs $1000 more than it did two years ago and my food costs about 25-30% more than it did two years ago. I definitely wouldn't consider having another kid, nor would I encourage my own to have one.
So what will the systems and societies of tomorrow look like? Every child born tomorrow is basically just a lottery roll against all people having children today. And today you have vast numbers of intelligent, educated, conscientious, and far thinking individuals are simply removing themselves from the gene pool; that lottery roll for the children of tomorrow is looking less and less pleasant.
There's this irony that the sort of mindset that might consciously make the decision to not have children is the exact sort that should be raising a family 1800s style, if we want a better world. Maybe there's just something about successful urbanization that ultimately causes societies to reboot. The Roman Empire also faced a major fertility crisis in its final years.
[1] https://www.theguardian.com/world/2023/may/29/baby-boomtown-...
[2] https://ifstudies.org/blog/pro-natal-policies-work-but-they-...
Our society needs to treat children as a gift and not just "thoughts and prayers" about raising them.
Western civilization was always a good idea, never achieved, and they have had their day
That's not even close to replacement. It's somewhere above 2 (often cited as 2.1, but it may be more like 2.04 in times of peace) for it to be replacement. If you could magically make fertility be that number, population increases would only come as a matter of life expectancy increase.
1 actually implies some sort of high-speed demographic implosion that will wreck an economy within a single human lifetime.
> It's easy to imagine 'oh we'll just fix it if it becomes a serious problem like that'
If it takes 30 years to recognize the problem, then one generation has already aged out of ever possibly being able to fix the problem, and the next generation is getting too old to be able to fix it (unless you can do so instantly). You've only got a few generations at a given time that can fix it.
> Japan, for instance, hasn't even hit the worst of it yet. Their fertility plummeted about 40 years ago.
There are fewer people living in Japan today, than there were a year ago. They didn't leave to go elsewhere. They died. And it will be like that every year until there are zero Japanese left. They have been functionally extinct for a few years now, though they may not know it yet.
> it even further is indeed speedrunning the extinction of Western civilization!
There haven't been distinct, compartmentalized civilizations on Earth for over a century at this point. There's only the one civilization. And, if it dies, there likely won't be another. Who had "can't be bothered to fuck" on their Fermi's Paradox bingo card?
What will end up happening is that some groups will maintain replacement fertility levels or higher, and some groups won't, but we'll trend towards an equilibrium, or flop between too little fertility and too much fertility. Either way we won't go extinct unless we explicitly kill each other.
So, for instance, many people don't realize that right now is still the good times for Japan. Here [1] is their population pyramid. It currently still looks kinda-sorta pyramidish. But in ~20 years, their population pyramid will be completely and wholly upside down. And their population, economy, and everything else will fall into complete collapse. They'll be losing about half of their population each 20 years at that point. No culture can survive this. This will be made even more true by the fact that it will likely trigger a vicious cycle where the massively skewed age ratios, collapsing economy, and other issues will further reduce fertility.
[1] - https://en.wikipedia.org/wiki/Demographics_of_Japan#/media/F...
Contentedness, satisfaction, at-peace, and so on - there endlessly more rational, logical, desirable, and attainable things to aim for. Yet everybody always says happy. Maybe this even goes some way towards explaining the plummeting mental state of the West at large. If one sets their life goal towards happiness, then they're ironically certain to end up unhappy, unsatisfied, and discontented.
But I find that most people, when they say that, actually mean reduction of suffering. That's easier to quantify--but still quite difficult, like most quantities in social research.
Could you explain to me how this is not another name for happiness?
You are happy to receive good news, or for something to turn out well, or whatever else. But it is not a resting state. It's a liminal state. Contentedness, by contrast, is a resting state. You can awake contented, fall asleep contented, and spend your days contented. You may rarely, if ever, experience happiness - yet find yourself able to find satisfaction in life nonetheless.
By contrast a pitiful, depressed, self loathing individual, can experience happiness as much as anybody else. But he is most certainly not content nor satisfied. Perhaps a junky would be another example. A junky certainly experiences happiness when his poison enters his veins, yet he almost certainly is far from content or satisfied.
Contentedness is not happiness. And happiness is most certainly not contentedness. They're are just entirely different states of being.
Second, "happy" and "happiness" subsume numerous meanings. You're picking one, and as I and others have, at times, done with many other words, trying to restrict the world to only that meaning.
Perhaps a more similar word to your meaning would be "joy"? It seems more generally restricted to descriptions of brief periods, in common usage.
The words are simply not synonyms, or even particularly close to being synonyms.
Happiness is not a metric, cannot be measured, and is one of the most important things
Despite it being unmeasurable we know that economic security increases it
> I volunteer in a local school. It's not always fun, but something has to change.
You're a good person doing necessary work. There aren't enough humans doing it, but it matters to who you're helping.