[chadAnon69]

But the difference here is there's not choice. There's plenty of people who want kids or want to retire, but can't because the job market is garbage due to artificially increased labor supply and thus they are forced to live hand to mouth

[anticensor]

We need to switch from bond-backed money to UBI-backed money or cryptocurrency (or both). Hereby I explain how UBI-backed money would work:

  How money flows
  - UBI is no-strings attached and provided from both fresh* and recycled money
  - Taxes continue as usual
  - Monetary supply is controlled by amount of government wages and UBI. Demand is controlled by amount of taxes.
  Assumptions
  - Everyone except civil servants get equal amount of BI
  - civil servants get a wage which is greater than or equal to BI instead
  * as in, UBI itself is an instrument to print money, this also applies to civil servant wages

No interest needed in this scheme. Just three variables: number of citizens, amount of UBI and civil servant wages, amount of taxes. UBI is provided from both fresh and recycled money, if we otherwise provided it only from fresh money, inflation would arise. Or the opposite, only recycled money would still require bond-backed money as civil servant wages are not enough of monetary supply for all the citizens.

[GarrisonPrime]

What artificially increased labor supply?

If anything, I see companies bemoaning the absence of sufficient labor.

The only place I see too many people for too few jobs is in low-skilled manual labor and service. The ratio of people to jobs falls in these areas as a consequence of technological advancements. Not to say that isn't a problem, but it's hardly a nefarious conspiracy.

[chank]

> If anything, I see companies bemoaning the absence of sufficient labor.

this should be qualified with "for the compensation they want to pay".

[sokoloff]

What's artificial about the labor supply?

[anticensor]

Unneeded worker spots and/or burocratic procedures are created to create an illusion of extra labour. This hampers technological advancement.

[sokoloff]

> Unneeded worker spots and/or burocratic procedures are created to create an illusion of extra labour.

Aren't both of those serving to increase the demand for labor, not the supply?

[anticensor]

No, demand can only be controlled indirectly in free market, no-UBI economies. You are creating a supply to fill already existing demand in this case.

[chadAnon69]

Offshoring with free trade means the whole global population is effectively in competition for jobs. Pay and benefits is reduced to the country willing to provide the cheapest labor with least protections and benefits.