Originally Posted by 7thAve btn 31stN33rd St
i think we tend to look at things from our limited perspective, guaranteed income might seem like a negative incentive for work, but it likely would not be enough to live more than a relatively spartan existence, and part of the theory of it is that it would eliminate the need for other programs...
It's essentially "Income without Work". How would it not have a negative impact?
i look at it like this, a universal basic income could essentially replace federal & state guv'ment programs for social security, unemployment, & welfare (and maybe some other aid programs as well), which should simplify things all around for both working people & the government at large. Again part of the reason basic income is being discusses again (not a new idea) is not just that technology is displacing workers (this has always happened & workers have always had to find other work) but also the rate & scope of the displacement, meaning it seems to be accelerating & also getting into higher skilled/valued work, that (will likely) require more investment in time/training.
this may not be exactly necessary currently, today it would provide a boost for struggling low wage workers, some extra cash for the struggling middle class (https://www.youtube.com/watch?v=tamC-M8TxtY
), and maybe vacation money for the rich? however if you project out to a time when there is not much low skill work available and even higher skill work being diminished and thus even more competitive, this could lead to people having longer intervals of unemployment and having to change careers many times; a basic income might smooth these transitions automatically.
yes you could also say something like this will have a negative impact on work, but only for a certain KIND of work...part of the theory is that would make the pace of automation faster and/or raise wages (because companies would be forced to automate or raise wages to attract workers), decrease the price of goods & some services, and free up people to do other things to create value in other ways...
any/every country's most valuable resource is not the things it takes from the ground, or the wealth that it creates, it is its human capital; people create wealth with their discoveries & ideas, this too is partly some of the rationale for a universal basic income, basically an investment into a country's people just to a basic level, it won't solve everything - it might not solve anything - but it seems to me to be better than trying the same things and expecting different results...