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The Largest Study Ever on UBI Was Just Conducted—The Results Are Disappointing for Advocates (fee.org)

submitted 3 weeks ago* (last edited 3 weeks ago) by [email protected] to c/economy

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What did people do with the extra time they got from working less? In short, the answer is, they relaxed.

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[–] [email protected] -2 points 2 weeks ago (1 children)

Cooperatives operate on equal votes, not equity, which is a potential problem in itself. Equal votes over who has the bigger stake. Liberal economics is better. Trying to impose a system instead of simply giving economic agents the freedom, and make suggestions themselves on how best to form and run business. Equality isn't a economic good.

[–] [email protected] 1 points 2 weeks ago

The arguments for worker coops are based on liberal economics (https://www.ellerman.org/inalienable-rights-part-i-the-basic-argument/). To summarize, the workers are jointly de facto responsible for using up inputs to produce outputs, so by the norm that legal and de facto responsibility should match, they should be assigned the whole product of the firm. Anything else would be unjust.

Equal votes doesn't mean equal pay. Workers can divide the pie however they prefer. In existing worker coops, not everyone gets paid the same.

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