The main problem is that a lot of the middle income jobs will disappear or be replaced with low income jobs that won't pay a living wage. At the same time need for highly skilled people will increase and therefore pay for the highly skilled will increase.
The Nordic system falls apart in this situation. The unemployed do not have an incentive to work in a low paying job, if welfare pays the same.
A system where everyone is guaranteed a basic goverment income that isn't affected by your other income incentivises work and produces a more productive system overall.
Sure it does. Just lower your expectations.
The main problem is that a lot of the middle income jobs will disappear or be replaced with low income jobs that won't pay a living wage. At the same time need for highly skilled people will increase and therefore pay for the highly skilled will increase.
The Nordic system falls apart in this situation. The unemployed do not have an incentive to work in a low paying job, if welfare pays the same.
A system where everyone is guaranteed a basic goverment income that isn't affected by your other income incentivises work and produces a more productive system overall.