View Poll Results: If you were guaranteed a $25,000 income would you quit your job and stay unemployed?

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  • Yes

    17 13.71%
  • No

    90 72.58%
  • I don't have a job

    13 10.48%
  • I don't know

    4 3.23%
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Thread: Would you quit your job?

  1. #141
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    Re: Would you quit your job?

    Quote Originally Posted by Muhammed View Post
    If you were guaranteed a $25,000/year income by the government would you quit your job and stay unemployed?

    I know I wouldn't, how about you?
    It boils down to an effort to benefit ratio. If you can live off of that amount and you are unwilling to put in the effort to make more, then it's acceptable. If you can't live off of that amount, and/or you want to put in the effort to make more, then it's unacceptable.

  2. #142
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    Re: Would you quit your job?

    I would consider the $25,000 as a tied-me-over amount while I look for a better paying job, if I was an employee.

    For me I can't sit around and do nothing, it would drive me crazy, so no 25K would not be enough and especially from the government.

  3. #143
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    Re: Would you quit your job?

    Quote Originally Posted by vasuderatorrent View Post
    Where do I sign up for this $47,000 per year?
    Go buy yourself a mower and weedeater, live in the south, and work your ass off. You'll make better that 47,000.
    Last edited by johndylan1; 11-03-13 at 04:27 PM.

  4. #144
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    Re: Would you quit your job?

    Quote Originally Posted by CaptainCourtesy View Post
    Which doesn't fit the premise of the OP. Why would I give up a job to make less money and live less comfortably? I wouldn't. The OP offers a CHOICE. It's an easy choice: less money and less comfortably or more money and more comfortably. I'd like to know the motivations of anyone who would choose the former.
    You are excluding both leisure as a good and off-book labor as a source of supplemental income. If you are currently making (as an example) $27,000 a year, then quitting your job to make $25K only reduces your (official) income by $2 Grand, but in trade you get all your free time back to raise your kids, or work (or not) as you please in simple cash-jobs. If you were having to pay for child-care with your slightly higher income, then shifting to 25K a year may well improve your family's standard of living. Or, if you are a single young adult, then simply sharing a rented apartment with a buddy increases your "household" income to $50k, which is the median income in the U.S., and far from the dregs of poverty.

  5. #145
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    Re: Would you quit your job?

    Quote Originally Posted by CaptainCourtesy View Post
    I live in NJ. From what I am aware, finding something decent for less than $1000/month is nearly impossible. That's half of what you would make right there. One could NOT live comfortably on $25,000/year here. Since it would make little sense to take the free $25,000 and live uncomfortably, when one could work, make more, and live comfortably, $25,000/year doesn't cut it.
    I get by and spend more than $1000 per month on rent. If I could live just about as comfortably as I do now, but don't have to work, then I take that deal without hesitation.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
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  6. #146
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    Re: Would you quit your job?

    The great thing about work is it gives you less time to spend shopping.

    Again, I see little difference in the premise of this thread and Social Security.
    People in Dubai don't like the Flintstones but people in Abu Dhabi do

  7. #147
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    Re: Would you quit your job?

    Quote Originally Posted by NeoVsMatrix View Post
    Other than that, no way would i choose a government paycheck over work, ever. I'd rather work for 18k$ per year, then get 25 k from the government for nothing.
    That's an attitude I definitely feel sympathy for, but I don't feel it personally because the government is currently taking half of my income each year.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  8. #148
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    Re: Would you quit your job?

    If I have no job, I get $25,000? What if I have a job making $15,000 - do I get $10,000? If I have a job making $24,999 I get $1?

    If we assume everyone who currently makes less than $25,000 (after taxes) takes the money and quits while everyone who makes more than $25,000 keeps the job (a faulty assumption, to be sure, but it works for this) what does it do to the economy? Obviously nearly all food service jobs, retail, etc... are vacated. Why work for less than minimum guaranteed pay? Those that kept their jobs now have difficulty spending it for groceries and restaurants. Obviously that's not a sustainable position, the market will correct by forcing wages to go up on those low income jobs until there's enough people to fill them. Obviously the prices on those items also goes up to pay the now required higher wages to fill the jobs. I suspect we'd see a shift to lower labor alternatives. It'd make more sense to buy a few weeks food at a time at a grocery store than buying fast food for very many meals.

    We'd also see the same thing that happens now on all income contingent welfare benefits/disability. If I make $10,000 on a job it reduces my $25,000 to $15,000. But only if the $10,000 job is known. A lot of low income jobs will probably shift to "under the table". Cash doesn't count as income, right?

    Some of the downsides could be avoided by making the guaranteed $25,000 constant regardless of income. Whether you have a job making $10,000 or get a salary from daddy's corporation of $2,000,000 pay them both the $25,000. The $10,000 minimum wage worker then has the choice of $25,000 or $35,000 so there's still incentive for them to work. To be sure, some would decide the extra $10,000 isn't worth it. But the effects would be less severe.

  9. #149
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    Re: Would you quit your job?

    Quote Originally Posted by sawyerloggingon View Post
    I'm semi retired and only make around 30k a year to avoid sucking to much out of my retirement savings so I guess I'd quit working for 25K a year except that a lot of my income is a result of cleaning up my land so I don't know what I would do with all the fire wood and lumber I now sell. That would be a problem.
    What kind of wood and how much per cord ?

  10. #150
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    Re: Would you quit your job?

    Quote Originally Posted by tacomancer View Post
    Well I guess that makes me insane. I like to keep busy and feeling productive
    You can keep busy and be productive with out an income oriented job very easily...
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