![]() ![]() Start by getting in touch with an experienced New York City race discrimination lawyer to go over your case. If you believe you have endured some of these more subtle forms of discrimination, you should definitely take action. These can run the gamut from a noose in your workspace to subtle things like being treated less respectfully than your white colleagues. ![]() If capital equipment doesn't plunge in price to accompany the initial increase in tax costs, this would be a very hard sell.There are lots of different ways that you might experience race discrimination at work. This result, however, is contingent upon technology advancing fast enough to truly displace labor in the market. Perhaps if a few dozen hours of their weeks were freed up (for millions of people), they'd be able to engage in intellectual, artistic, or entrepreneurial pursuits with more long-term benefits to economic growth. Consider how many intelligent people work menial jobs simply because they're the best-paying available. The strongest arguments I've heard for a UBI are based more on positive externalities. In this context, the UBI is pitched as a way to more quickly distribute the "technology dividend" to displaced labor instead of letting it concentrate in the hands of capital owners. The only serious pushes I see for a universal basic income come in response to the threat of technology advancement making many menial jobs obsolete, so this may not be as big a problem as you worry about (assuming a UBI scheme is in fact sustainable at all). Insofar as technology fails to substitute for all menial tasks, economic theory would dictate that those tasks pay a high enough wage to attract workers, so the wage for those jobs would likely be higher than they are in the absence of a UBI. For example, if the marginal tax rate for a minimum wage job is close to 50%, why take that job instead of just engaging in barter or under-the-table jobs, and using the UBI money to cover cash expenses? Therefore, the real issue is not the effect of artisanal markets, but rather the global interaction between all low-paying jobs and the tax system. This creates a massive incentive to drop out of the formal economy, creating a death spiral for the tax system (or equivalently, an out-of-control inflation). Unless the ultra-rich are willing to pay a lot more taxes, marginal tax rates would have to be high, starting at low levels of income. Otherwise, there would be a major inflationary impact from the program.) (One could debate about the exact amount of taxes required, but it would presumably be a significant proportion of the transfers, as it would be safe to assume that most of the transfers would be spent. In order to hand everyone a non-negligible amount of cash each month, roughly the same amount of taxes will have to be raised. Although Minsky is viewed as a heterodox economist, I believe this particular analysis ends up being similar to the consensus view at the time. One example is the article "The macroeconomics of a negative income tax" by Hyman Minsky (1969), which was republished in "Ending Poverty: Jobs, Not Welfare" (Minsky). My comments here are my interpretation of some of that analysis. (Milton Friedman was a supporter.) Studies were done at the time, and the problem with the scheme is the effect on income taxes. The Universal Basic Income can be viewed as a rebranding of the Negative Income Tax idea that was floating around during the Nixon administration. If robots can do those taks, great, but the plausibility of that outcome is left as an exercise to the reader. This implies some form of relative price shock, or inflation. Wages would have to be bid up so that the positions get filled. Pretty much by definition, "necessary" jobs have to be filled. And people who would choose to fulfill these roles would be highly remunerated.Īre there any studies, papers or polls on this topic? There seems to also be an idea of the possible emergence of "artisanal" markets, in the sense that even if, for instances, robots are able to function as carers for basic tasks, there would be a premium market for "flesh" carers. Some answer that AI development, will give rise to "unconscious" slave robots who will be able to take care of it. My question is, who would take care of the menial but necessary tasks? (Elders' carers, garbage man, plumbers, cleaners.) This seems almost universally accepted, and intuitively right. From what I could gather, the main argument for this to be the best case scenario goes something like, if people are free to choose what they would like to do they would choose something which they are passionate about, which in turn would mean that they will gladly work towards becoming better at it, and create a pleasure-productivity feedback loop. The Universal Basic Income scenario seems to be one where people are free to cultivate their passions.
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