I suspect one of the side effects is that UBI would lead to a decrease in full time employment and an increase in part time employment. Basically, having a job would become a matter of making enough to live the lifestyle of your choice rather than a matter of having a roof over your head and the ability to eat.
It's one of the reasons I mentioned scrapping the minimum wage when implementing UBI.
The job market becomes much more of a market where work is paid for what it's worth because it's an actual market and employers don't have the undue leverage of simple survival over employees.
It's one of the reasons I mentioned scrapping the minimum wage when implementing UBI.
The job market becomes much more of a market where work is paid for what it's worth because it's an actual market and employers don't have the undue leverage of simple survival over employees.