Remix.run Logo
fc417fc802 7 days ago

This. My intent was to refer to outcomes. My hypothetical country was one where being unemployed might lose you various luxuries but would still see you with guaranteed food on the table and a roof over your head. Under such conditions there's no need to consider a rise in the unemployment metric to be a major downside except for the inevitable ballooning cost to the tax base.

rjsw 7 days ago | parent [-]

The UK tried that experiment in the 80s [1], it didn't work well.

[1] https://en.wikipedia.org/wiki/Thatcherism