An additional cost is the incentive or disincentive for engaging in productive work created by the Basic Income. On the one hand, the BI creates disincentives for recipients to engage in productive labor. If you are happy earning direct_cost each year, why bother putting down Call of Duty and getting a boring job? (…) My inclination is that it is more likely to reduce labor than increase it. So I’ll assume that the number of non-working adults will increase by up to 10%, or decrease by up to 5%.
This is always going to be the crucial input parameter that makes or breaks the whole idea, and no amount of math modelling is going to tell you how millions of people will behave after such radical change.
An additional cost is the incentive or disincentive for engaging in productive work created by the Basic Income. On the one hand, the BI creates disincentives for recipients to engage in productive labor. If you are happy earning direct_cost each year, why bother putting down Call of Duty and getting a boring job? (…) My inclination is that it is more likely to reduce labor than increase it. So I’ll assume that the number of non-working adults will increase by up to 10%, or decrease by up to 5%.
This is always going to be the crucial input parameter that makes or breaks the whole idea, and no amount of math modelling is going to tell you how millions of people will behave after such radical change.