https://www.policyforum.net/the-australian-economy-post-covid-19/ The APPS Policy Forum a public policy website devoted to Asia and the Pacific. Thu, 03 Sep 2020 02:11:11 +0000 hourly 1 https://wordpress.org/?v=6.1.7 https://www.policyforum.net/the-australian-economy-post-covid-19/#comment-12646 Thu, 03 Sep 2020 02:11:11 +0000 https://www.policyforum.net/?p=44624#comment-12646 This would be a step in the right direction however I believe it should be linked to a reduction in the working week hours from 37 1/2 hours to between 30 and 32 1/2 hours per week. People could choose to work 4 by 7 1/2 hours per week or 5 x 6 or 6 1/2 hours per week whatever suits their home life.. this would insure that the fewer jobs available would be spread amongst many more people. People working less would get less take home pay however the universal basic income would more than compensate for this.

]]> https://www.policyforum.net/the-australian-economy-post-covid-19/#comment-12636 Wed, 19 Aug 2020 01:39:34 +0000 https://www.policyforum.net/?p=44624#comment-12636 I am greatly attracted to the idea of a UBI, for all the reasons many rehearse. The one, potentially huge, problem I have not seen any adequate rebuttal for is the inflationary effect of pumping large amounts of cash into (mostly) consumer pockets. This effect would likely be strongest in the goods and services that the worst off in society need most, such as food, housing, medical services and education. If there is good, clear economic modelling that shows how this can be avoided, I am all in! (NB: all of the trials to date have been partial, either geographically or in terms of specific community groups. There has, as far as I know, never been an economy-wide – ie covering a currency area – trial.)

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