Think about this. If there is a universal basic income, it will be an - absolute disincentive to do any Posted: Oct 14th, 2018 - 10:00 am In Reply to: Universal income is all the rage now. Okay, if we do that then - let's get rid of all the other welfare
menial labor job. Wages will have to triple, and inflation will explode.
Example: Lazy B Jones gets $1500/mo to do nothing, or could go out and work for $8/hr for 40 hours per week for $1280/mo... so of course he will prefer to sit at home and watch TV.
Lazy B Jones could get an offer to do the same job at $12/hr for 40 hrs/wk, but that's still only $1920/mo... so he is working his ass off all month for just $420 (or really, nothing, because most of that will get taken from his check for taxes). He will still prefer to sit at home and play on he Xbox with his girl.
Employers now have to offer Lazy B Jones at least $15-$20/hr to do a job worth $8/hr before any reasonable person would even begin to consider doing it... and so prices for anything that is served, transported, stocked, or delivered will double overnight.
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