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TopicWhy a Universal Basic Income would be a calamity
Annihilated
08/14/17 3:09:35 PM
#24:


Balrog0 posted...
And what has Saudi Arabia’s de facto UBI created? A population deeply resistant to work. Efforts by the Saudi government to diversify the economy have been hamstrung by the difficulty of getting Saudis to trade in their free income willingly for paid labor.


While I still maintain that UBI is a pie in the sky solution that is doomed to fail, I think this would actually be an advantage as far as the labor market is concerned. There are a lot of people who would still want to work regardless of basic income, and removing people from the labor force will make it that much easier for them to get hired. This is especially beneficial for unskilled entry level work, where the jobs are most needed. But there are too many other problems for this to balance out.
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