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
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.
This, and also working part time would become a lot more feasible. I would imagine there would be quite a bit of pressure to improve working conditions as well, which wouldn’t exactly be a bad thing. A lot more hours would be spent on things people consider meaningful, and bullshit jobs would have to be compensated appropriately, which to me feels like a win for society collectively.
One caveat though is that for abolishing minimum wages to be safe the UBI has to be high enough to be actually livable, and would likely be a target of constant politicking. A model I’ve been thinking about would be to set the level of UBI as a percentage of GDP, distributed evenly across the population, which to me would feel fair but may have practical issues I don’t see. It would create a sense of everyone benefiting from collective success, which appeals to me.
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.
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.
This, and also working part time would become a lot more feasible. I would imagine there would be quite a bit of pressure to improve working conditions as well, which wouldn’t exactly be a bad thing. A lot more hours would be spent on things people consider meaningful, and bullshit jobs would have to be compensated appropriately, which to me feels like a win for society collectively.
One caveat though is that for abolishing minimum wages to be safe the UBI has to be high enough to be actually livable, and would likely be a target of constant politicking. A model I’ve been thinking about would be to set the level of UBI as a percentage of GDP, distributed evenly across the population, which to me would feel fair but may have practical issues I don’t see. It would create a sense of everyone benefiting from collective success, which appeals to me.
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