But the difference here is there's not choice. There's plenty of people who want kids or want to retire, but can't because the job market is garbage due to artificially increased labor supply and thus they are forced to live hand to mouth
How money flows
- UBI is no-strings attached and provided from both fresh* and recycled money
- Taxes continue as usual
- Monetary supply is controlled by amount of government wages and UBI. Demand is controlled by amount of taxes.
Assumptions
- Everyone except civil servants get equal amount of BI
- civil servants get a wage which is greater than or equal to BI instead
* as in, UBI itself is an instrument to print money, this also applies to civil servant wagesIf anything, I see companies bemoaning the absence of sufficient labor.
The only place I see too many people for too few jobs is in low-skilled manual labor and service. The ratio of people to jobs falls in these areas as a consequence of technological advancements. Not to say that isn't a problem, but it's hardly a nefarious conspiracy.
this should be qualified with "for the compensation they want to pay".
Aren't both of those serving to increase the demand for labor, not the supply?