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by brc
3637 days ago
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You can't use terms like 'useful' when measuring jobs or output. It's in the eye of the observer. Apparently nail painting businesses are a viable industry, in my eyes they are totally useless. Most of the businesses we recognise today would have been hilarious to our ancestors. Paying good money for a personal trainer? Paying someone to wash your car? This is an age-old problem which keeps solving itself. |
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But jobs existing are a consequence of two things: (1) demand & (2) ability to price work output above a minimum.
UBI answers a world where there aren't enough of (2) to satisfy labor supply (whether through automation or increases in efficiency). Because bar repealing minimum wage statutes we're going to reach a point where for {minimum wage salary} there only exist X potential jobs (additional jobs not economically-feasibly offering a sufficient income), and labor pool > X.