Perhaps all the jobs would continue to exist but there'd be some very interesting rebalancing.
Perhaps all the jobs would continue to exist but there'd be some very interesting rebalancing.
I'm curious what makes you think otherwise?
The lower class, of course, largely were servants.
The industrial revolution opened up other avenues for employment.
Edit: see, for example, http://www.bl.uk/victorian-britain/articles/the-victorian-mi...
"A middle class woman was entirely dependent on a supply of domestic servants, ranging from the untrained ‘slavey’ to a staff of several highly trained specialists."
Sure. Although technically it's not that the value of the job changes (to the employer, the value of the job is basically the same), it's that wages go up due to the decrease in the labour supply.
in this experiment they can test the latter, since the scale is too small to affect global pricing.
I wonder how far the 'unregulated' goes: could one pocket the monthly allowance and then live on a cheap city abroad while maintaining citizenship and privileges?
at the very least this should promote entrepreneurship: given social security that what I'd do. I can't risk anything now as I have no savings and live in a country that offer zero (monetary) supports to startups via neither private nor public capitals.
I read an article a while back that some types of manual labor are having a really hard time filling positions because nobody wants to do them for what they can afford to pay, and IIRC, they were already paying significantly higher than minimum wage.