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Comment by erlich

9 years ago

This is all about the minimum wage.

> The annual earnings for a full-time minimum-wage worker is $15,080 at the current federal minimum wage of $7.25. Full-time work means working 2,080 hours each year, which is 40 hours each week. [1]

GDP per capita 2016 = 57K [2]

10% GDP per capita = 5.7K

20% GDP per capita = 11.4K

15K - 11.4K = 3.6K

So my options are:

- no work + ubi = Gain 40 hours of personal time per week; lose out on 3.6K if we didn't have UBI.

- work + no ubi = Better off by 3.6K without UBI, but at the cost of 40 hours working a shitty job.

[1]: https://poverty.ucdavis.edu/faq/what-are-annual-earnings-ful...

[2]: https://www.google.de/publicdata/explore?ds=d5bncppjof8f9_&m...