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125 — Labor Demand
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We often discuss how basic income might affect people's willigness or desire to work. That's the labor supply. Labor demand is the extent to which employers want to hire people in the first place. What does it mean for there to be "insufficient labor demand"? And how does basic income change things?
On the one hand, basic income gives people money to buy the things that labor produces. On the other hand, we will, perhaps, be less interested in creating jobs as a way of getting people money.
For optional reading this week, we have a 2018 policy proposal by Jared Bernstein entitled "The Importance of Strong Labor Demand," in which he suggests various measures to boost the demand for labor.
Previous related Boston Basic Income topics have included:
BBI #21: The Labor Market
BBI #33: Basic Income vs. Job Guarantee
BBI #94: Full Employment
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Photo by Kevin McGuire on Flickr
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