It would eliminate the need for a majority of welfare programs because if everyone is guaranteed a basic income it eliminates the need for ssi, section 8, food stamps, unemployment and in some cases I've read about supposedly eliminating medicare/caid in exchange for a mandatory portion to go towards a "health fund/insurance". This is the majority of our budget already. The universal income has a much lower price tag if you are able to eliminate and cut the other welfare programs. It would also cut dependence on corporations to keep us employed with shyt benefits. The power would come back to resting with the people and our bargaining power would be much better.
I was looking at a map of mandatory vacation by country. America doesn't have one. CHINA has one! I was shocked. I figured it at least had to be a few days, but nope. In a developed country this is ridiculous IMO. I could really go off into the weeds about how we've just been conditioned from school aged children to work these 40 hour, 9-5 work weeks, but I can never make long responses on here with my thumbs. Corporations make obscene amounts of money yet we never see any of it. Wages haven't gone up yet inflation continues to rise. With a basic living wage companies will need to be more competitive to find talent because if my needs are met, I can be a bit more picky. More cash will be able to flow into the economy and it's not like most welfare recipients don't work anyways. It's not like this is some new idea. Other countries already have extensive welfare systems, yes with less people, but I think it could be done.
Our economy and job market is rapidly changing. Not everyone will be able to ride the waves of that change and they have to eat too. Something needs to happen to quell this soon, or we will have soaring rates of poverty.
This would actually help the economy grow because people's basic needs are met and there would be more expendable cash. I think it's completely doable.
I'm on my phone, excuse he typos. It's also 3 in the morning, I can't sleep