There’s a presumption that this is isolated to low-skill workers enjoying high unemployment benefits. However, stimulus has also greatly benefitted anyone owning assets which are more often high skilled workers.
The incentives are the same. If you have enough money you can quit working if you want.
A little pay bump isn’t going to bring someone out of early retirement and a high skill job can’t be filled by anyone.
Capitalism will re-adjust. With UBI, less people need to work, many sitll will... Also, with UBI if I take a job, I still GET the UBI, with Unemployment that isn't the case....so it's a do or die, do I take the job and risk losing this, what if I get fired next month and can't get back on UI?....
More people will be able to find companies/niches to grow between the cracks, but a lot of existing businesses will need to raise prices, raise wages, and find other ways to compete.... but this would actually be a boon for capitalism because more people also have a ton of money to spend --assuming you can pay people enough to want to work for you.
There’s a presumption that this is isolated to low-skill workers enjoying high unemployment benefits. However, stimulus has also greatly benefitted anyone owning assets which are more often high skilled workers.
The incentives are the same. If you have enough money you can quit working if you want.
A little pay bump isn’t going to bring someone out of early retirement and a high skill job can’t be filled by anyone.
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