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Basic income will come with a corresponding increase in prices for consumer goods across the board. As demand for everything beyond the most essential staples g
by etjossem 10y ago
Basic income will come with a corresponding increase in prices for consumer goods across the board. As demand for everything beyond the most essential staples goes up, prices will be adjusted upward until supply is able to satisfy new demand.
Even if you're right, you will still want to have saved some money.
- ones_and_zeros 10y agoYes a price increase is a first order effect of demand increasing. In capitalist economies demand is great because of the second and third order effects.
- xienze 10y agoDuh, just vote for the guy that promises a higher basic income!