Send to a Friend

crazyguy's avatar

Has COVID given us an opportunity to try UBI on a national scale?

Asked by crazyguy (3207points) April 24th, 2021

UBI is Universal Basic Income. The idea is based on future economies providing fewer jobs than prospective employees; therefore, permanent unemployment and/or welfare will have to be provided to a significant number of people.

The first Covid relief bill passed under the previous administration included a $600 subsidy to unemployment compensation resulting in a significant number of ex-employees making more money in unemployment than they ever did while working. The new bill, signed by Biden, has cast the subsidy down to $300. Even that subsidy is rich enough for many people to turn down job opportunities. For instance, see https://www.foxbusiness.com/lifestyle/restaurants-nationwide-struggle-to-find-workers

Any person receiving aid from the Government has to make a calculation to decide whether accepting a particular job offer makes financial sense. The same thing will happen with UBI, except, with UBI, every potential employee whether unemployed or not will have to make the same calculation. Therefore, the current COVID pandemic may have one use – testing out the concept of UBI.

What do you think?

Using Fluther

or

Using Email

Separate multiple emails with commas.
We’ll only use these emails for this message.