A big justification for universal basic income is that if the real median wage had grown as much as productivity grew over this same period of time, all three lines would be near $50 per hour. UBI can be seen as a GDP dividend. Wages will never fairly distribute GDP growth. UBI can do it directly. - ThreadSky

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scottsantens.com • 17 days ago

A big justification for universal basic income is that if the real median wage had grown as much as productivity grew over this same period of time, all three lines would be near $50 per hour. UBI can be seen as a GDP dividend. Wages will never fairly distribute GDP growth. UBI can do it directly.

Comments

basicbc.bsky.social•17 days ago

https://bsky.app/profile/basicbc.bsky.social/post/3lhjoba6dfs27

getbacktologic.bsky.social•15 days ago

Not sure how we implement ubi? Do I still go to work?

scottsantens.com•14 days ago

Yes. All income from work adds to your total income on top of your UBI.

getbacktologic.bsky.social•14 days ago

But how is this sustainable. Where does the .money come from? Sounds inflationary

scottsantens.com•14 days ago

Here is where all money comes from.

https://www.scottsantens.com/how-money-is-born-out-of-public-spending-and-dies-by-taxes-mmt/

Here's how to understand the cost of UBI.

https://www.scottsantens.com/how-to-calculate-the-cost-of-universal-basic-income-ubi/

Inflation depends on a lot of variables. A poverty level UBI matched with appropriate taxing is doable.

https://www.scottsantens.com/would-unconditional-universal-basic-income-cause-inflation-ubi/

jeanpauldelier.bsky.social•16 days ago

Which universe?

wjadragon.bsky.social•17 days ago

Don't forget that since 1970, wages increased by ~80%, home prices rose by ~2,400% ($17K to $422K), public university costs by ~1,300% ($1,542 to $22,180), and healthcare by ~4,800% ($297 to $14,570). Numbers very depending on the source and if inflation adjust but always the same picture painted.