Don't get me wrong -- I'm familiar with the idea that minimum wage laws and student loan programs increase the cost of goods and tuition as the various institutions realize that there is more money available and adjust their prices accordingly.
No, I am not advocating a cash wage, what is needed is a wage that enables the holder to claim a fixed list of goods (e.g. food stamps allow the holder to buy food, not XBOX games). Likewise, I'm sure that the statistics show that giving money to the homeless to buy food is unlikely to produce positive outcomes, but giving them food or shelter directly is a more responsible option.
I believe that a broad application of this same idea -- to provide a wage for displaced workers in the form of rights to claim an enumerated set of goods rather than indirectly via a cash stipend preserves the incentive structures present in the other areas of our economy while taking care of those left behind yet not undermining ourselves in the process.
A final thought -- consider that an educated, well-fed population with a low infant mortality rate has fewer children. Therefore, a morally acceptable form of population control is available to us: feed and educate the populace. If we can do that, then we should be able to sustain 50% unemployment.
No, I am not advocating a cash wage, what is needed is a wage that enables the holder to claim a fixed list of goods (e.g. food stamps allow the holder to buy food, not XBOX games). Likewise, I'm sure that the statistics show that giving money to the homeless to buy food is unlikely to produce positive outcomes, but giving them food or shelter directly is a more responsible option.
I believe that a broad application of this same idea -- to provide a wage for displaced workers in the form of rights to claim an enumerated set of goods rather than indirectly via a cash stipend preserves the incentive structures present in the other areas of our economy while taking care of those left behind yet not undermining ourselves in the process.
A final thought -- consider that an educated, well-fed population with a low infant mortality rate has fewer children. Therefore, a morally acceptable form of population control is available to us: feed and educate the populace. If we can do that, then we should be able to sustain 50% unemployment.