Thanks! I go back and forth on UBI… If nothing were to change and you could direct it entirely to the homeless etc, probably the easiest policy answer in a strictly “solving this problem” sense.
But, the second order effects are what kind of throws me. I’ve known a good number of stoner/harder slackers. I wonder how many people scrubbing toilets and floors or dealing with psychos late night at McDonalds wouldn’t swap their job for a guaranteed $25K a year (or whatever it ended up being for basic necessities, noteworthy most studies only look at giving a small amount of money, 1K etc.) And we’ll ignore any inflationary pressures at the bottom end of the market) I think of my buddy from high school who is still bagging groceries, living in his parents basement essentially waiting for them to die and then he’ll inherit the house. Breaks my heart to watch but he’d be on that 25K in a heart beat. I can’t imagine he’s alone. So, at that point you either have to drastically increase the wage for almost every job (or suffer wage compression, which the middle class tends to hate) and eat a bunch of inflation.
I don’t know what the answer is, I just know that UBI is one of those ones where I have difficulty seeing it being implemented and more difficulty not seeing it spiral into absolute sketch town.
Thanks! I go back and forth on UBI… If nothing were to change and you could direct it entirely to the homeless etc, probably the easiest policy answer in a strictly “solving this problem” sense.
But, the second order effects are what kind of throws me. I’ve known a good number of stoner/harder slackers. I wonder how many people scrubbing toilets and floors or dealing with psychos late night at McDonalds wouldn’t swap their job for a guaranteed $25K a year (or whatever it ended up being for basic necessities, noteworthy most studies only look at giving a small amount of money, 1K etc.) And we’ll ignore any inflationary pressures at the bottom end of the market) I think of my buddy from high school who is still bagging groceries, living in his parents basement essentially waiting for them to die and then he’ll inherit the house. Breaks my heart to watch but he’d be on that 25K in a heart beat. I can’t imagine he’s alone. So, at that point you either have to drastically increase the wage for almost every job (or suffer wage compression, which the middle class tends to hate) and eat a bunch of inflation.
I don’t know what the answer is, I just know that UBI is one of those ones where I have difficulty seeing it being implemented and more difficulty not seeing it spiral into absolute sketch town.