Yeah, given that Eliezer mentioned Georgism no less than 3 times in his Dath Ilan AMA, I’m pretty surprised it didn’t come up even once in this post about UBI.
Personally, I wouldn’t be surprised to find we already have most or all the pieces of the true story.
Ricardo’s law of rent + lack of LVT
Supply and demand for low-skill labor
Legal restrictions on jobs that disproportionately harm low-wage workers. For example, every single low wage job I have had has been part time, presumably because it wasn’t worth it to give me health benefits.
Boumol effect?
People really want to eat restaurant food, and seem to underestimate (or just avoid thinking about) how much this adds up.
A lot of factors that today cause poverty would have simply caused death in the distant past.
That’s just off the top of my head
EDIT: Also the hedonic treadmill is such a huge effect that I would be surprised if it wasn’t part of the picture. How much worse is it for your kid’s tooth to get knocked out at school than to get a 1920′s wisdom tooth extraction?
Yeah, given that Eliezer mentioned Georgism no less than 3 times in his Dath Ilan AMA, I’m pretty surprised it didn’t come up even once in this post about UBI.
Personally, I wouldn’t be surprised to find we already have most or all the pieces of the true story.
Ricardo’s law of rent + lack of LVT
Supply and demand for low-skill labor
Legal restrictions on jobs that disproportionately harm low-wage workers. For example, every single low wage job I have had has been part time, presumably because it wasn’t worth it to give me health benefits.
Boumol effect?
People really want to eat restaurant food, and seem to underestimate (or just avoid thinking about) how much this adds up.
A lot of factors that today cause poverty would have simply caused death in the distant past.
That’s just off the top of my head
EDIT: Also the hedonic treadmill is such a huge effect that I would be surprised if it wasn’t part of the picture. How much worse is it for your kid’s tooth to get knocked out at school than to get a 1920′s wisdom tooth extraction?