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True. So where do all of these new businesses get their employees? They'll have to compete for them by raising wages (which would be good). Except people hav
by DougN7 10y ago
True. So where do all of these new businesses get their employees? They'll have to compete for them by raising wages (which would be good). Except people have somewhat less incentive to work now that they're getting some free money, so the wages have to be raised even more to get them to work. That translates directly into higher prices.
Each individual piece of UBI sounds good. But when the whole system gets put together, it doesn't balance out. It can't.