It’ll increase demand, which should in theory increase wages for those jobs. A universal basic income is “basic” in the sense that it’s the minimum to survive in society. There will still be plenty of people who want more and are therefore willing to do those jobs.
Except that people will only pay so much for a cup of coffee. So how much do you need to pay a retail employee to come back to work over what ubi pays and how much will the products rise in cost to off set that
Sounds like you just identified a business that shouldn’t exist. If a company can’t afford to pay people what they need to survive, and still make a profit, the company needs to change, or shut down. That’s supposed to be the essence of the free market
And now think of the ripple effect of all the jobs lost when places like Starbucks go out of business and restaurants go out of business. Then construction sites and so on.
how much do you need to pay a retail employee to come back to work
Probably a lot less than you’d think. With UBI there’s no need for a minimum wage so if you’re offering a great work environment you could pay next to nothing for labor. If the job that needs done is inherently shitty you might have to pay more, but that’s already how it is for quite a few things.
I think you will find that people will leave low end jobs in mass. Those willing to stay will ask for salaries that are extremely high and then those on ubi will be able to afford even less than before it existed
It’ll increase demand, which should in theory increase wages for those jobs. A universal basic income is “basic” in the sense that it’s the minimum to survive in society. There will still be plenty of people who want more and are therefore willing to do those jobs.
Except that people will only pay so much for a cup of coffee. So how much do you need to pay a retail employee to come back to work over what ubi pays and how much will the products rise in cost to off set that
Sounds like you just identified a business that shouldn’t exist. If a company can’t afford to pay people what they need to survive, and still make a profit, the company needs to change, or shut down. That’s supposed to be the essence of the free market
But it’s not a free market if the government is giving money to non workers.
FYI this will effect all business across the board.
If people will only pay so much for a cup of coffee, that’s capitalist for “coffee ain’t that big a deal”.
And now think of the ripple effect of all the jobs lost when places like Starbucks go out of business and restaurants go out of business. Then construction sites and so on.
Probably a lot less than you’d think. With UBI there’s no need for a minimum wage so if you’re offering a great work environment you could pay next to nothing for labor. If the job that needs done is inherently shitty you might have to pay more, but that’s already how it is for quite a few things.
I think you will find that people will leave low end jobs in mass. Those willing to stay will ask for salaries that are extremely high and then those on ubi will be able to afford even less than before it existed