That is a common belief, although it doesn’t stand up to academic rigor. There are many studies that show UBI does not negatively impact productivity or innovation, and may even stimulate more.
It seems counterintuitive, but when people have basic needs met, they tend to spend more time improving their skills, experimenting, starting new businesses, and finding better employment matches.
Governments already spend o lot of money on providing services to individuals, such as social security, pensions, healthcare, childcare, education, policing and corrections, food security, housing subsidies, etc. As it turns out, often the most efficient way to provide services to people is to give them money to provide for themselves.
On the other hand, I’m not aware of any studies that show wealth aggregation increases productivity after businesses leaders are paid more than ~50 times their average employee. The typical CEO today earns 351x more than the average employee, which is more than a 1000% increase from the late 1970s.
That is a common belief, although it doesn’t stand up to academic rigor. There are many studies that show UBI does not negatively impact productivity or innovation, and may even stimulate more.
It seems counterintuitive, but when people have basic needs met, they tend to spend more time improving their skills, experimenting, starting new businesses, and finding better employment matches.
Governments already spend o lot of money on providing services to individuals, such as social security, pensions, healthcare, childcare, education, policing and corrections, food security, housing subsidies, etc. As it turns out, often the most efficient way to provide services to people is to give them money to provide for themselves.
On the other hand, I’m not aware of any studies that show wealth aggregation increases productivity after businesses leaders are paid more than ~50 times their average employee. The typical CEO today earns 351x more than the average employee, which is more than a 1000% increase from the late 1970s.