Got it, thanks. I haven’t watched the video you linked, but the first thing that comes to mind is the bureaucratic task of determining what qualifies as a legitimate, subsidisable job. If the eligibility criteria are generous and/or enforcement is lax, there will presumably be a lot of bullshit jobs (in both the ‘not actually real’ and ‘real but pointless’ senses) created just to claim the subsidy. Whereas a relatively strict system might have pretty high administrative costs, and would probably reject some deserving applicants.
If the eligibility criteria are generous and/or enforcement is lax, there will presumably be a lot of bullshit jobs (in both the ‘not actually real’ and ‘real but pointless’ senses) created just to claim the subsidy.
Yeah, I agree with this critique. It’s worth noting that the United States already implements a wage subsidy in the form of the earned income tax credit, so we can in theory see what effect that has on bullshit jobs already.
Got it, thanks. I haven’t watched the video you linked, but the first thing that comes to mind is the bureaucratic task of determining what qualifies as a legitimate, subsidisable job. If the eligibility criteria are generous and/or enforcement is lax, there will presumably be a lot of bullshit jobs (in both the ‘not actually real’ and ‘real but pointless’ senses) created just to claim the subsidy. Whereas a relatively strict system might have pretty high administrative costs, and would probably reject some deserving applicants.
Yeah, I agree with this critique. It’s worth noting that the United States already implements a wage subsidy in the form of the earned income tax credit, so we can in theory see what effect that has on bullshit jobs already.