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by zardo
3790 days ago
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A job that doesn't need to be done is one which doesn't produce enough value to pay a person enough to do it. A possible example would be many cast food positions. If the workers didn't have to work together by wages would go up driving up the cost of fast-food. The higher cost would lower demand, and it might not make sense to have 10 fast food restaurants on every block. |
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But now we're back to one of the key criticisms of UBI - reduced labor supply leads to higher wages but reduced employment, increased prices, reduced economic activity and consequently decreased consumer surplus (which would be a bad thing).