"Competitive" means "against alternate policy proposals". For example, Basic Job/Employer of last resort, or the current welfare state.
...people don't have jobs for the reason that employers can't or won't figure out how to hire because business is too hard now.
People don't have jobs because they are unwilling to work at low wages. This is pretty well established empirically, is the foundation of Keynesian economics, and is even accepted by both Cowen and Kling.
Further evidence for this: US companies are still outsourcing and expanding overseas.
If you give dole money to people such that it does not drive them from doing something productive...
The little data we have about BI suggests it reduces productive work hours by about 10%. For comparison, the great recession resulted in a 1% drop. As usual in articles on this topic, original sources uncited.
Agreed; sticky wages is also part of PSST, but the new thing is perceived fragility of potential hiring companies.
Overseas expansion could be any of a number of things besides wages, it's waning and it fails frequently. Something like the manufacturers aggregated through Alibaba seems different from setting up bespoke manufacturing overseas.
...people don't have jobs for the reason that employers can't or won't figure out how to hire because business is too hard now.
People don't have jobs because they are unwilling to work at low wages. This is pretty well established empirically, is the foundation of Keynesian economics, and is even accepted by both Cowen and Kling.
Further evidence for this: US companies are still outsourcing and expanding overseas.
If you give dole money to people such that it does not drive them from doing something productive...
The little data we have about BI suggests it reduces productive work hours by about 10%. For comparison, the great recession resulted in a 1% drop. As usual in articles on this topic, original sources uncited.
https://decorrespondent.nl/541/why-we-should-give-free-money...