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Jeff Opdyke – Basic Income Will Kill the Economy

While sitting in his favorite hotel lobby in Bucharest, Romania, Opdyke was looking at his phone for the news for the day, while waiting around for none other than his girlfriend. He found a (supposedly) “non-partisan” article, written by an economist funded by the Economic Policy Institute. In the article, the economist claimed “higher wages are the solutions to America’s expanding reliance on payday lending.” Later, he found another article entitled “This robot-powered restaurant could put fast-food workers out of a job.”

By Opdyke’s estimation, these “two theses are mutually exclusive. They cannot coexist…I can promise, it’s not the position held by the economist.” Opdyke said, “I can also promise that you and I will ultimately feel the repercussions in our paychecks and in our wallets…”

With machines able to create “perfect burgers,” the argument for a $15/hr minimum makes little sense to Opdyke. Human labour value for fast food will become obsolete in the near future. He considers the possible solution of paying a basic income to all adults (which he defines as a “minimum monthly income on which people can pay for their lives”), but he dismisses the idea as too expensive, at least without a drastic increase in taxes (which he does not seem to favor).

If you want to read more, please see here:

Jeff D. Opdyke (August 24, 2016) “Basic Income Will Kill the Economy

About Scott Douglas Jacobsen

Scott Jacobsen has written 37 articles.

Scott Douglas Jacobsen researches with varied research labs and groups, and works part-time in landscaping. He founded In-Sight: Independent Interview-Based Journal and In-Sight Publishing. He authored/co-authored some e-books, free or low-cost. If you want to contact Scott, you may inquire or comment through e-mail: Scott.D.Jacobsen@Gmail.com. He is a Tobis Fellow (Fall, 2016) at the UCI Interdisciplinary Center for the Scientific Study of Ethics and Morality (Ethics Center), weekly interview columnist for Conatus News, writer and Executive Administrator for Trusted Clothes, the Vice President of Outreach for the Almas Jiwani Foundation, Councilor for the Athabasca University Student Union, member of the Learning Analytics Research Group, writer for The Voice Magazine, Your Political Party of BC, Progressive Party of BC, Marijuana Party of Canada, BC Refederation Party, and Little Footprints Big Steps International Development Organization, Community Journalist/Blogger for Gordon Neighbourhood House, member-at-large and writer for Canadian Students for Sensible Drug Policy, and member of the Lifespan Cognition Psychology Lab and IMAGe Psychology Lab.

The views expressed in this Op-Ed piece are solely those of the author and do not necessarily represent the view of Basic Income News or BIEN. BIEN and Basic Income News do not endorse any particular policy, but Basic Income News welcomes discussion from all points of view in its Op-Ed section.

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