If everyone is earning the same amount, no one will be bothered about getting sufficiently educated, they will just settle for menial jobs. Usually if you earn more money you work harder, so where's the incentive? There is none! Communism has always been a touchy subject for most, personally I can see that it does work in some countries, but introducing it into a country that is not communist is very risky
This is the same reason communism doesn't work economically. If everything is provided for everyone, why do you work? If you know you're going to get food tomorrow, or you're going to get paid anyways just for being there, what's the point in trying? If people don't have to work for their money, they won't. Even if they do actually work, they won't be producing a good quality product.
The Swiss plan to provide a basic income for life will disincentive people to work. Although the basic idea is noble, a better idea would be to provide training for people to earn money. Exceptions can be made for those with disabilities that cannot work, with payments provided for them.
I do believe this measure will cause the employee to become lazy and less willing to go the extra mile int he work place. If a person can not move up the ladder quickly or be guaranteed a certain amount regardless of third performance, employees will do the bare minimum.
In order to have such a system in place you would need to raise taxes, which means that people will be getting a whole lot of money they themselves haven't earned. Money belongs to the person who earned it trough his/her own work, not in the hands of someone who doesn't want to work at all.
This won't work because of one of the same reasons that communism can't work economically. In a communist form of government, everything is provided to the people. What does this cause? It causes the quality of goods to drop, and the motivation to actually work will almost disappear. If you know you're going to get food, a car, and shelter, what's the point of working? Even if you do work, you're going to get paid the same amount as the guy next you you. Why should either of you work harder? You're still getting paid right? If everyone gets paid an even income, no one will ever get ahead and actually be something in life. The economy will never grow. Who wants to buy from a country with poor goods quality? No one.
It just a basic economics with supply and demand.
As you have more supply of goods, price will go down.
Same thing apply to money, as all people have starting money, people will take less concern spending those money. As a result, seller will be able to rise their price without suffer from decrease in sale as anyone can still buy it.
However, this is obviously not something that will happened instantly. The poorest and richest group will be the one to react first to this policy.
For the richest, if taxes were significantly increase, some or many of them will move their company and wealth else where. I'm pretty sure Lichtenstein will love this!!! However, if taxes didn't change much, there might not react much to this.
For the poorest, much less people will be willing to work 6-8 hours a day or will have to be as productive as they used to be. This, again, hurt both domestic supply of goods and business owner will starting to pay more for their workers to keep them working.
In the end, all people will have to pay more for goods and those basic income will become more and more worthless over time. As a result, people will need to go back to work again as those basic income become cant really pay for anything.
In conclusion, this policy will only have two outcomes. Failure or first step toward full communism ( which will also fail ).
Its simple folks. Automation is coming in a big way. For example with the new self drive cars coming soon there are plans to put the same tech in trucks. In Europe they estimate 3 million to loose jobs and they expect this tech to begin service in the next 15 years or so. The idea is if you pay people not working they spend and the cash keeps circulating.
The Swiss turn down every socialist agenda which comes their way, they voted down a 22$ a hour minimum wage by a 74% popular vote, so no, I think they will turn down this socialist agenda just as they did with many others of its kind. Singh. H h n
As the above point raised, this is only a minimal income, in order to have a decent standard of living people will have to work. I believe people may actually be more productive, as they will have more freedom to find work which they enjoy and will be less stressed about the prospect of unemployment if wanting to change jobs. Also their earned money will be able to be spent on things they desire rather than bills and maintenance, which may provide more motivation even for menial jobs. I don't believe most people would be happy without some kind of routine. I think this will lead to a happier, healthier society, and be beneficial for the economy as a whole.
Switzerland is about to vote on a controversial bill that will guarantee every adult a basic income of $2,500 a month. I don't think that this money will act as a disincentive for honest labor. $2,500 a month is only $30,000 a year, and this will not go far in Switzerland, which has one of the highest costs of living in the world. People will need to find a real job beyond the "basic income" in order to sustain this.