> but the union also suggests that making it easier to refuse unpleasant jobs may create inflationary bottlenecks.
Shitty jobs being valued higher in monetary terms doesn't sound like the worst outcome I can think of.
Shitty jobs being valued higher in monetary terms doesn't sound like the worst outcome I can think of.
Not really. Demand outstripping supply is what causes inflation.
In general, a person that holds more currency reserves exerts greater command over future production. So by continually taking money away from rich people and giving it to poor people, in the long run, your economy will tend to produce more of the things poor people want, and less of the things rich people want.
Inflation will be a big problem for UBI at first, but prices should eventually stabilize--perhaps after 20 years have passed. Good luck protecting such a system politically for that long, though.
In my opinion, you really can't force a work-for-pay, pay-for-goods economy to support a welfare state. It just immediately routes around the damage. You have to establish a parallel work-by-command, goods-by-rationing economy. That's a whole lot easier to do with robotic workers performing all the difficult and nasty work. It might not collapse due to corruption and shortages this time around. Maybe.
BI doesn't mean entirely dropping all other forms of contingent social support, such as child care allowances, pensions and disability benefits, so if people genuinely have a reason they cannot work that can still be covered.
That is not a true statement in Economics. Price is a result of the supply & demand functions, the scenario you're thinking of is a reduction in supply with unchanged demand leading to an increase in price.
We really don't know if that increase in price will be large or not without more data.
demand exists at different price points. Demand will drop, but I think this represents persistent demand.
This is a good thing. I demand disappears at a certain cost, maybe it's not really viable?
e.g. Is there a point at which we'd no longer to pay for a garbage man, deep-sea fisherman or sewage worker?
If yes, maybe we don't really need these jobs. If no, (or the point is high) then maybe these jobs should be higher paid.
This does create additional employment for economists studying origins and dynamics of "food deserts", though.
- Make it easy for individual enterpreneurs to open small shops.
This ought to help. Small corner bodega will survive if operated by its owner.