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Guaranteed basic wage.

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Ribenapigeon
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PostPosted: 13:06 - 08 Jun 2016    Post subject: Guaranteed basic wage. Reply with quote

https://www.bbc.co.uk/news/world-europe-36454060

What I find funny about this is its come about because middle classes are looking at their jobs becoming redundant dir to increasingly sophisticated forms of automation in the workplace, but because their special they can't be just thrown on the benefit scrap heap like the old traditional working class.

There is an interesting question reading what happens in a future where workers are largely unnecessary.
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Ste
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PostPosted: 13:36 - 08 Jun 2016    Post subject: Re: Guaranteed basic wage. Reply with quote

Ribenapigeon wrote:
what happens in a future where workers are largely unnecessary.

That time is now.
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DrSnoosnoo
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PostPosted: 13:38 - 08 Jun 2016    Post subject: Reply with quote

The report mentioned that it wasn't clear what would have happened to the higher earners.

If those higher earners would have had their wage effectively cut, that would be very bad for business in my opinion.

If I was asked to be paid the same as *insert minimum wage job* for doing my *not minimum wage job* I'd immediately find a less stressful job. Making everyone earn the same would not inspire enthusiasm to be promoted, instead it would inspire those to find the easiest job they could.

I would much prefer to work on the checkouts than manage a business, for the same money.
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angryjonny
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PostPosted: 14:03 - 08 Jun 2016    Post subject: Reply with quote

I read it as 2500chf was simply a floor beneath which no-one's income would sink. Doesn't stop you earning more.
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DrSnoosnoo
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PostPosted: 14:33 - 08 Jun 2016    Post subject: Reply with quote

Another point which could hinder this type of plan,

What's to stop companies raising the price of their goods? If people are 33% better off, prices could increase just the same, could they not?
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DrSnoosnoo
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PostPosted: 14:34 - 08 Jun 2016    Post subject: Reply with quote

angryjonny wrote:
I read it as 2500chf was simply a floor beneath which no-one's income would sink. Doesn't stop you earning more.


Possibly, possibly not:

DaBeeb wrote:
The supporters camp had suggested a monthly income of 2,500 Swiss francs (£1,755; $2,555) for adults and also SFr625 for each child.

The amounts reflected the high cost of living in Switzerland. It is not clear how the plan would have affected people on higher salaries.

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Rogerborg
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PostPosted: 14:44 - 08 Jun 2016    Post subject: Reply with quote

angryjonny wrote:
I read it as 2500chf was simply a floor beneath which no-one's income would sink. Doesn't stop you earning more.

It's not a minimum wage, it's an amount that everybody gets given unconditionally. It's completely independent of any earnings.

Or that's the principle. The practice is that it's not independent at all, since makers will have to have at least that much stolen from them in order to "give" it straight back, plus the extra that needs to be stolen from them to give it to takers.

It would be less unworkable in Switzerland than elsewhere because - not being swarmed by wage-deflating migrants (yet) - there's relatively low wage disparity and unemployment there.

But even at that, many working people would have to be taxed at an exorbitant rate in order to "give" them their own money straight back.

So, work it through. Let's say you're earning a low (for Switzerland) £3K a month and tax (relatively low in Switzerland) brings it down to £2.5K.

Now here comes your "free" £1,755. But what's this? Suddenly your taxation jumps from £500 to £2000 a month to pay for it, so you're pocketing £2755 for your 40 hours instead of £2500.

OK, you're a bit better off, but ... you could get £1755 for doing absolutely nothing, and so could your wife. Why can't some other mug run the rat race while you go fishing? Thinking

Anyone earning more is going to get stung harder, and will end up with substantially less in their pocket every month. It's a strong disincentive to work more and earn more, as it would attract a swingeing marginal rate of tax.

So it's a nice communist fantasy, but in practice it's not going to be workable until you have almost complete automation, free energy, matter transmutation, holodecks, and rock solid border control to stop it being abused by Klingons economic migrants.
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The Artist
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PostPosted: 14:45 - 08 Jun 2016    Post subject: Reply with quote

DrSnoosnoo wrote:
Another point which could hinder this type of plan,

What's to stop companies raising the price of their goods? If people are 33% better off, prices could increase just the same, could they not?


Price rises of basic things seem inevitable with this plan. I guess the people this will piss off the most is people earning around or just over this minimum basic wage level who will suddenly feel hard done by and it will take years for employers to increase their wages to reflect the new minimum.
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Itchy
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PostPosted: 14:49 - 08 Jun 2016    Post subject: Reply with quote

Rogerborg wrote:
Now here comes your "free" £1,755.


All that will happen is that rents and other costs of living will rise to absorb all the extra money.

Which means while some things will be shuffled around eventually it will be meaningless.
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DrSnoosnoo
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PostPosted: 14:55 - 08 Jun 2016    Post subject: Reply with quote

The Artist wrote:
Price rises of basic things seem inevitable with this plan. I guess the people this will piss off the most is people earning around or just over this minimum basic wage level who will suddenly feel hard done by and it will take years for employers to increase their wages to reflect the new minimum.


They'd have to, I'd have thought. Since all of this money would come from taxation, it wouldn't only come from wage taxation, so price rises on goods would be obvious. Staff would make demands from their employers to still be paid the same % higher than their underlings taking into account new tax bands that would be introduced.

You can see why this was voted against so strongly, the only consideration was how to make the poor better off, not contemplating the fact that the state would have to steal more from Paul
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Ribenapigeon
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PostPosted: 16:38 - 08 Jun 2016    Post subject: Reply with quote

I think folks have got their noses pressed up too close to the telly screen on this one. The financial impracticality of it is obvious. What is interesting though is the economics behind it. Roger mentioned "makers" but here's the rub, what makers? Increasingly to create goods and services and deliver those to customers less and less actual people are required. However economically speaking you need actual people to be purchasers of those things.

Its not some communist theory either. In fact it bears more of a relation to the eighties Thatcherite "leasure society", remember that?

I only chose the BBC site as it was quick to find. There's other articles online including a hilariously vague one by the Guardian which was trying to give the impression John McDonald was all for the idea when in fact it was suggested he may mention the Swiss parliament vote in a talk he had yet to give at the time of the guardians article. Pretty shameless attempt to discredit McDonald I thought.

Its also not far from the ideas explored by Ian M Banks in his Culture novels, a sci-fi series set in worlds where there was such complete abundance people didn't need to work.
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Itchy
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PostPosted: 16:44 - 08 Jun 2016    Post subject: Reply with quote

Ribenapigeon wrote:
I think folks have got their noses pressed up too close to the telly screen on this one. The financial impracticality of it is obvious. What is interesting though is the economics behind it. Roger mentioned "makers" but here's the rub, what makers? Increasingly to create goods and services and deliver those to customers less and less actual people are required. However economically speaking you need actual people to be purchasers of those things.

Its also not far from the ideas explored by Ian M Banks in his Culture novels, a sci-fi series set in worlds where there was such complete abundance people didn't need to work.


Have a read of this:

https://ieet.org/archive/LIGHTSTUNNEL.PDF

He makes some good arguments from an economist rather than a technologist point of view as to how to resolve the problem of demand vs money to create that demand.

Despite 261 pages it's a fairly quick read.
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Rogerborg
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PostPosted: 17:22 - 08 Jun 2016    Post subject: Reply with quote

Ribenapigeon wrote:
[In the future there will be robots]

Everything will be automated right about when we have fusion power: in 20 years from today.

This applies regardless of whatever day you read this, including in 20 years.
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Jewlio Rides Again LLB
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PostPosted: 20:01 - 08 Jun 2016    Post subject: Reply with quote

Problem with that universal income is it'll do the scum at the DWP out of a job.

Wouldn't that be sweet as sugar for the rest of us though? Thumbs Up
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Ribenapigeon
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PostPosted: 21:33 - 08 Jun 2016    Post subject: Reply with quote

Jewlio Rides Again wrote:
Problem with that universal income is it'll do the scum at the DWP out of a job.

Wouldn't that be sweet as sugar for the rest of us though? Thumbs Up


DWP drones are already being superseded with computers. As are HR personnel (hooray!!!) and apparently legal expert systems are proving to be better able to give accurate legal advice so even lawyers are staring into the headlights of doom.
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Ribenapigeon
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PostPosted: 21:42 - 08 Jun 2016    Post subject: Reply with quote

Itchy wrote:


Have a read of this:

https://ieet.org/archive/LIGHTSTUNNEL.PDF

He makes some good arguments from an economist rather than a technologist point of view as to how to resolve the problem of demand vs money to create that demand.

Despite 261 pages it's a fairly quick read.


Interesting thanks for the link ive gone and bought the kindle edition to have a browse through.

Page 225 Appendix / Final Thoughts / is a grim graph Shocked
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Itchy
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PostPosted: 21:50 - 08 Jun 2016    Post subject: Reply with quote

Oh don't worry about automation taking your job and not having any money.

TPTB will simply exterminate the vast vast majority of people that are no longer needed.

Probably via some form of infantry war or a death project.

Qin Shi-huang after uniting the three Kingdoms sent his armies to build the great wall to kill most of them to stop them becoming a threat this killed millions.

Stalin built the M56 which also killed millions.
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Ribenapigeon
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PostPosted: 21:54 - 08 Jun 2016    Post subject: Reply with quote

DrSnoosnoo wrote:


They'd have to, I'd have thought. Since all of this money would come from taxation, it wouldn't only come from wage taxation, so price rises on goods would be obvious. Staff would make demands from their employers to still be paid the same % higher than their underlings taking into account new tax bands that would be introduced.

You can see why this was voted against so strongly, the only consideration was how to make the poor better off, not contemplating the fact that the state would have to steal more from Paul


More likely corporate taxation. There wont be enough people actually working to make personal income tax on wages work out.

The universal wage proposal is essentially a thought experiment. How it ended up actually getting voted on in the swiss parliament god knows. But as a thoguht experiment it helps explore interesting ideas.
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dydey90
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PostPosted: 22:15 - 10 Jun 2016    Post subject: Reply with quote

Itchy wrote:
Have a read of this:

https://ieet.org/archive/LIGHTSTUNNEL.PDF

Despite 261 pages it's a fairly quick read.


U wot. I don't want to click that link now.
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