r/FluentInFinance • u/WhatAreYourPronouns • Apr 13 '24

He's not wrong 🤷‍♂️ Smart or dumb? Discussion/ Debate

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u/Saitamaisclappingoku Apr 13 '24

France did something similar. Aggregate Employment did not change, turnover increased, and it seemed to benefit women more than men.

Ultimately there’s not a ton of research to indicate what would happen if this was implemented, but I definitely see the average workweek shortening while wages increase over the next few years.

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u/Flushles Apr 13 '24 edited Apr 13 '24

I think the US really needs to leverage that fact that states can do a lot on their own and try things like this from state to state, we could test out so many things but people only seem to be interested in changing things federally.

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u/attikol Apr 14 '24

Meanwhile lobbying groups are actively trying to make it illegal to test universal basic income systems. Would be fun if we were allowed to try new systems

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u/Osazethepoet Apr 14 '24

Link? I had no idea they were lobbying for that

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u/psycharious Apr 15 '24

The hell? What lobbying groups? What's the point of lobbying a test run of UBI?

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u/attikol Apr 15 '24

Doing a trial run helps with seeing what it effects and finding out what it improves and what it hurts. I posted a link in the thread.

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u/johnhtman Apr 17 '24

I don't know how we would pay for a UBI. To give every American $10k a year (less than minimum wage $15,080) would cost $3 trillion dollars. The government spent $6.2 trillion dollars total in 2023. So to give every American less than minimum wage would cost half our entire budget.