Re:Can Universal Basic Income Transform Society?
by exitb on Wednesday July 17, 2024 @09:44AM
(#40985886)
That's a quite horrible outcome though. It basically means that this persons income is paid by fellow workers who happened to be more fortunate, so that the business owner can have an almost free workforce.
Re:Can Universal Basic Income Transform Society?
by bryanlarsen on Wednesday July 17, 2024 @02:41PM
(#40988960)
> persons income is paid by fellow workers who happened to be more fortunate
Yes, this is what happens in all welfare schemes. UBI is no different from any other welfare scheme in this regard.
Let's say somebody is making $1K/month from UBI. They might take a job that pays $1/hour because the difference between $1K/month and $1160/month is very significant.
And there'd be no reason to stop jobs from paying $1/hour because everybody already gets UBI.