Intrinsic motivation influences individuals' decision to work despite a guaranteed income, emphasizing nonmaterial benefits and purpose in work.
Intrinsic motivation plays a significant role in whether individuals would continue to work if provided a guaranteed income. Despite financial security, studies show that a majority of people express a desire to continue working, indicating that factors beyond monetary rewards drive motivation.
Advantage: Continued work under guaranteed income can stem from a sense of purpose, fulfillment, and personal growth, showcasing the importance of nonmaterial benefits in work.
Disadvantage: Overreliance on guaranteed income may lead to a potential reduction in overall workforce productivity and innovation.
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