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Something I haven't seen anyone else mention, if UBI is introduced won't that cause prices to increase? For example, supermarket 'own brands' are usually cheape
by Cozumel 10y ago
Something I haven't seen anyone else mention, if UBI is introduced won't that cause prices to increase? For example, supermarket 'own brands' are usually cheaper than branded products, but if everyone is getting a minimum income then those prices won't need to be as cheap, just cheaper than alternatives.
- mac01021 10y agoEggs and milk aren't getting more expensive to produce. So, if the currently-cheapest brand increases its price, it's opening a window for new competition to sell at the old low price. It's possible that anticompetitive forces would prevent that competition from emerging in many cases, but I would not say that it is obvious that prices will increase under UBI.
- derekp7 10y agoExcept that it does become more expensive to produce those eggs. That is, assuming some of UBI gets paid for out of increased taxes that the farmer would have to pay.