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Should There be a Universal Basic Income (UBI)?
A UBI enhances working conditions.
A UBI makes it more likely that people will attempt to start their own companies, or become self-employed.
A UBI reduces the effective risks of working part-time or on a seasonal basis; allowing workers to better choose a schedule that suits their lifestyle.
Competition would shift from businesses trying to entice consumers to buy products to trying to entice workers to help produce products. This would result in better wage competition.
Decreasing the available workers would create greater labor shortages. This would result in an increase in pay for those who wish to participate in the labor force.
The rise of
of the workforce is eroding the stability and financial security provided by full-time employment.
With the insurance of a UBI acting as a safety net, workers can challenge their employers if they find their conditions of work unfair or degrading.
A UBI allows people to take the time to look for better jobs.
Fewer workers means any spending to improve working conditions is less efficient. For example having to pay to make an entire factory safe for just one worker would create an impetus to find a way to circumvent having workers entirely.
Companies could use a UBI as a justification to offer lower wages.
When people no longer need to work in order to improve their economic circumstances, governments are less likely to legislate on worker protections.
The sheer cost of a UBI would reduce economic growth and thus decrease wages and increase unemployment. This gives employers more power to exploit employees.