Guaranteed Income as Quantitative Easing

[Tom Joad]

Originally Posted by whell

Curious: what do you think will happen to the labor surplus and high productivity when we start paying people not to work?

Also, assuming this....um...interesting economic theory is put into place, and somehow supply meets demand in the labor market, how do you convince all those folks who are being paid not to work that they actually need to go back to work?

You would get enough for basic necessities by not working. You work for the luxuries and frills.

Type A's like you will be happy to work to get more material stuff.

Type B's like me will be happy to just chill on the couch.

Which is what I have been doing for the past 9 years.