Hacker News new | ask | show | jobs
by gremlinsinc 2657 days ago
Let's look at the other side. 65% unemployment.

Everyone is homeless, or starving or both.

These people used to spend 100% of their paycheck at Walmart, local grocers, fast food. Now they spend 0.

So big retail/fast food shops close, more jobs lost.

UBI puts money in people's hands --the people who spend it all in their own local economy.

They can do more to get some of that back through taxes so it's more like 'recycling'. People with money aren't going to commit crimes to feed their family. People w/ rent/food/health ins are happier, more productive, less stressed, and more motivated to work on self-betterment.

Hell, if I had an extra 2-3k/month from a UBI program, I'd quit freelancing and go all in my SaaS I'm building which if it's successful could have at least 10-20 new jobs created. How many other entrepreneurs could have better success if they didn't need to put in 50-60 hours a week on their day job?

You can say it'll never happen, because you think everything will always stay the same, but that's just not the case. 40% of jobs never to be replaced by 2030 is a solid estimation.

What is your suggestion with what we should do w/ that sector? You can't retrain when there aren't jobs for them to retrain to. Should we just euthanize anyone who hasn't worked in the past year or two?