How much money? Basic income doesn't imply a specific amount.
>Freeing people to work on things they desire will mean no one will ever wash dishes at a restaurant...
This is probably false. Even if the basic income is enough to live off of, people will still want more money for luxuries. But instead of having to work 50 hours a week to scrape by, they'll be able to work 20 hours a week and live comfortably, even at low wages.
And if you get to the point that you actually have more jobs than people to work them? You either lower the basic income, or you let inflation do it for you.
Better yet, automation ceases to be a bogeyman for unskilled workers. If jobs get automated away, we can increase the basic income to compensate. On the flip side, we can actually incentivize automation by increasing the basic income, leading to a future where we stop making humans do dumb jobs just so they can be employed.
How much money? Basic income doesn't imply a specific amount.
>Freeing people to work on things they desire will mean no one will ever wash dishes at a restaurant...
This is probably false. Even if the basic income is enough to live off of, people will still want more money for luxuries. But instead of having to work 50 hours a week to scrape by, they'll be able to work 20 hours a week and live comfortably, even at low wages.
And if you get to the point that you actually have more jobs than people to work them? You either lower the basic income, or you let inflation do it for you.
Better yet, automation ceases to be a bogeyman for unskilled workers. If jobs get automated away, we can increase the basic income to compensate. On the flip side, we can actually incentivize automation by increasing the basic income, leading to a future where we stop making humans do dumb jobs just so they can be employed.