I am what in the US you would consider a "strong libertarian" - and I would say, I would be in favor of instituting a basic income if we got rid of the minimum wage.
It's particularly silly with the current system that you can legally work for nothing, be a volunteer or an unpaid intern, but you can't work for $1 per hour. If you make low paid work illegal, you make the low paid unemployed.
Perhaps some day all of this "scarcity economics" will be moot, if we could invent the star-trek style replicator, I suspect "work" would move to a volunteer model.
What's wrong with this, honestly? If less desirable jobs go unfilled, I'd expect that people would find ways to mitigate the need for human beings in those jobs. Let's let the market figure out what those jobs are and if we can do such mitigation. That seems preferable to the current situation, where people such as yourself say that we need people to be placed into explicitly undesirable positions.
Let's actually see this problem before we anticipate it.
The problem has always existed. It's the reason that people need to be paid for most jobs, since they won't do them just for fun. If people know that they'll be paid a decent amount for doing any job at all, then there will be a lot of recreational activities which are thinly disguised to look like jobs.
So in your case under a BIG, they would get some money and pursue leisurly activities. This in contrast to someone doing a task that needs to be done (say dispose of garbage), who would get some money from the BIG and a substantially bigger sum in actual wage. The service (getting your garbage disposed) would have to be priced accordingly.
Some activities (such as musicians) would be a gray area, but it's not a problem - people can make music and if someone buys it the musicians get extra income.
If there are services needed which are very unappealing, they will be priced high. Also, the incentive to automate them (and thus reduce human suffering) will be high as well.
Why would we do that? We could instead just sell the "something", which has the same effect, without defeating the point of BIG by complicating the BIG administration.
There's a huge difference between (a) not being interested in doing a job, but doing it because you're getting money for it and (b) not being interested in working and doing it because you're getting money for it.
You're arguing (a), but I'm arguing (b).
I think eliminating the minimum wage is reasonable combined with a guaranteed stipend. However, I think you will find that "undesirable" jobs are (rightfully) paid quite well. Possibly even better than now since this system would better balance the power between employers and employees.
I would much rather a BI than having this menacingly powerful centralized vote buying machine.
You might also lose some people who "can't work" for economic reasons of UI/SSDI/etc. and volunteer instead to the paid workforce.
What in the case that the person doesn't want to get paid more? They can live comfortably enough on what is given to them and value the free time more than the extra money.
What would be the way to deal with this?
I personally think that the employment market for next few decades will continue to be characterized by endemic structural unemployment. We will continue to destroy jobs faster than they are created, through automation and efficiency improvements. What's going away especially quickly are the "middle-difficulty" kind of jobs -- between highly trained specialists and burger flippers. For a simple example, self-driving cars will soon revolutionize long-distance trucking. They won't eliminate the jobs completely, but they will significantly reduce their number. There are 3.5 million truck drivers in the USA. How do you retrain a 55-year old truck driver to be a software engineer? If you can't, should he go work at Burger King for a much lower wage instead? Maybe as a society we could just allow people like him the possibility of not working at that point?
Which, it should be noted, it is pretty much economically impossible not to do except in the very short term, barring vast increases in productivity (or decreases in people's expectations of acceptable living standards.)
> There are 3.5 million truck drivers in the USA. How do you retrain a 55-year old truck driver to be a software engineer? If you can't, should he go work at Burger King for a much lower wage instead?
And, even if you can, how do you do it when he still needs to work full-time to pay his existing bills?
To a certain degree, I see it like the war on drugs. Yes, ending the war on drugs will increase drug usage, but not as much as many people think, and the costs of dealing with that will be less than the costs we spend on prohibition.
Some people get offended by mincome because it means someone with lower qualifications for work gets to enjoy leisure. They should get over it.
1) Develop more open source software 2) Work on my small 4.5 acre farm, growing produce to sell to locals for extra cash. 3) Spend more time helping other people with their needs and wants. 4) Do more substitute teaching, perhaps volunteering to teach a programming class or similar.
While most of the time I would not be earning any significatn income from these activities, I think the societal benefits would far outweigh the cost of providing the Basic Income.
And...so, what's the problem with this?
> What would be the way to deal with this?
Why would you want to deal with this? That's a feature, not a bug.
I believe with basic guarantee many people who are unemployed would start working. Social security in many countries mean that it's rational to either work many hours per week or work zero hours per week. Basic income means that every hour worked or dollar earned increases your standard of living, thus creating a higher incentive to work.
>You'd have two classes of citizens: the workers and those who are effectively parasites off of the workers. I don't like people being poor but society is just not wealthy for poverty to disappear.
There are countries like Finland with a social security guarantee. You can pretty much refuse to work and get $1000/month as a social security (though there are details and sanctions which make this more complex in reality). Anyway, the point is this: in Finland you can already be a "parasite" and some people do that.
Finland doesn't have a basic income guarantee. We also have a system where living on basic social security (toimeentulotuki) working 5 hours per week doesn't really make sense. The effective tax rate for working only a little is 90-100%. If you make 100 euros per week, the social security is decreased by 100 euros. With basic income the effective tax rate would be 20-30%, so working would make sense.
In Finland you pretty much have either full-time/part-time workers (20+ hours) or people who are completely unemployed.
Why should a citizen living on basic income would want to work? To get paid more.
An unemployed person living on $1000/month basic income can increase his or her standard of living substantially by getting paid $200/month more. If someone is working full time and getting paid $3000/month, a $200 increase per month has a lesser increase in standard of living.
The current social security system has an incentive to be completely unemployed. Basic income means that it makes sense to work 1 hours, 2 hours, 5 hours, 10hours, 20 hours or 40 hours per week. All different kinds of working situations are naturally covered under basic income guarantee.