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Should There be a Universal Basic Income (UBI)?
A UBI enables people to work less or leave the workforce permanently.
As there is very little incentive to work with a UBI, people would choose not to work.
Most people go to work today merely because they won't be able to feed themselves or their family otherwise. A UBI will remove that obligation.
It is in the best interest for society to heavily incentivize all people to participate in the workforce.
Currently, people work out of social and economical obligation. A UBI diminishes this obligation, enhancing people's sense of freedom and agency.
This argument runs in support of UBI as it supports those who cannot find work. Systematic unemployment due to lack of available jobs is a future threat to human welfare even in the current economy, and that threat is
likely to increase in the future
Existing welfare schemes reduce people's incentive to work because earning more money reduces the number of benefits they accrue. A UBI fixes this and actually provides
a higher marginal return to earning an income
As automation and machines eventually displace more and more humans out of the workforce having people work less is actually a positive effect.
This could be positive if it cuts bureaucracy and unecessary jobs that are only there to allow people to make a living.
A UBI will enable unhappy workers who detract from work productivity to leave their jobs, so happy/productive workers can take their place.
This would be highly beneficial for those with moderately severe chronic illness or disability or those who otherwise cannot qualify for disability assistance programs.
Just because people work less or have no job, doesn't mean they won't have financial responsibility, self-improvement, hard work, or other positive values in their life. They will just have to find them without a job.
Evidence suggests that social security systems like UBI do not lead people to stop working.