Originally Posted by
Itsajob
The problem with the UBI is that each election cycle politicians will want to adjust it in an attempt to buy votes. There is also the issue of paying able bodied people regardless of any work performed. Another problem is that it provides little incentive to perform entry level jobs. We are seeing this now with the covid payment added to unemployment compensation. Employers are having trouble getting workers to come back since they make as much or more sitting on the couch collecting a check.
I’m not making the case for or against UBI. I do think it’s an interesting idea and I think moving forward we are going to have to come up with a solution to automation and its potentially devastating impact on the economy. I have no idea if it will actually work or not but I think it’s worth looking into. My point was simply that we need to get past the point of immediately rejecting ideas that we associate with the other side if we ever want to come up with effective solutions.