Hmm, I wonder when they'll introduce UBI. I can't wait...
Not_mikey @ Not_mikey @lemmy.dbzer0.com Posts 16Comments 399Joined 8 mo. ago
Not_mikey @ Not_mikey @lemmy.dbzer0.com
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Mamdani, if Elected Mayor, Pledges to Order N.Y.P.D. to Arrest Netanyahu
Yes people will work, but less people will work then they do now, that will lower productivity and therefore supply and raise prices. If you're relying on imports from low wage countries, while your own countries productivity and therefore exports go down, then that will just increase the trade deficit. So more money will be leaving the country, increasing the supply of that currency on the international market and thus decreasing its value. Another word for a decreasing value of currency is inflation.
Again where are these products coming from. Internally they will get more expensive as wages rise, externally they will get more expensive as the value of the currency falls.
You picked the one job out of that list that people will voluntarily do. Very few people are signing up to do manual labor restoring ecosystems, building housing/infrastructure. You can say this is a mindset thing that will change once people have there basic needs covered but there are a ton of rich people who don't work for a living right now and you don't see them on the highway picking up trash. A change in scarcity mindset isn't going to build a high speed rail network, labor and investment will, and UBI will make that labor and investment a lot more difficult to get.
We don't not live a slave system we live in a capitalist system, both use coercion to extract labor from the worker but they do so in very different ways. I'd recommend you read some Marx to better understand the labor relations under capitalism. Either way a UBI system doesn't challenge the capitalists control of the means of production and thus doesn't challenge there true power. If anything it reduces the workers power as they can no longer use there power to withhold there labor. What are the unemployed on UBI going to do if there conditions deteriorate? If worst comes to worst workers can always strike which is devastating to the capitalist class. That is one of the main differences between slavery and capitalism, a slave can't strike and is thus completely powerless.