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by hnnewguy 4457 days ago
>But education industry (and universities) would have to change their methods, because nowadays peoples are willing to commit 100,000's of $ to get a well paying job, this incentive would be gone, the better paying one being the physical labor, with low education requirement.

Why would the incentive disappear? A basic income means that people don't make zero when they don't work; filling jobs would still be based on supply/demand, hence, implicitly, ability.

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People are willing to commit to unfulfilling, exhausting minimum wage jobs because the alternative is to not have a home/decent food/a little spending money. If those needs are already fulfilled, its going to take more to convince people to do something economically necessary but unfulfilling/difficult.

So, the supply drops (many people choose to simply sit out the whole job thing if its going to be unfulfilling). At least, this is the theory.

Or, to paraphrase, fast-food and big box stores might not be viable business models in such a world?