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...
No comments yet
Contribute on Hacker News ↗