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Coincidentally, housing prices (buy/rent) are income-elastic and one of the criticisms of a blanket UBI, not just minimum wage.
by bduerst 10y ago
Coincidentally, housing prices (buy/rent) are income-elastic and one of the criticisms of a blanket UBI, not just minimum wage.
- TeMPOraL 10y agoDid anyone compile a list of ways to handle this problem? I'm all for UBI, but this feels like a show-stopper, and I don't know of any workaround.
- bduerst 10y agoNot that I know of. Traditionally it has been handled by attaching spending restrictions to the income assistance - e.g. food stamps, medicare, unemployment, student loans, etc.
- mac01021 10y agoThe market will solve it if the number of housing units is large enough compared to the number of families, provided no one vendor owns too large a fraction of them. It seems pretty wasteful, though.