I was wrong, and you are correct. Replacing unemployment with a basic income could go either way, depending on the marginal taxation rates of reducing benefits and the rates of diminishing marginal utility.
However, a Basic Job guarantee can only go one way. You never get to avoid the disutility of labor (X in my formulation).
But I'll dispute one point: you assure that work always has a higher marginal benefit
BI assures that work has a higher marginal income. It does not assure that work has a higher marginal utility, which is what matters.
However, a Basic Job guarantee can only go one way. You never get to avoid the disutility of labor (X in my formulation).
But I'll dispute one point: you assure that work always has a higher marginal benefit
BI assures that work has a higher marginal income. It does not assure that work has a higher marginal utility, which is what matters.