Good point, I hadn't considered those second order effects. > There are plenty of low income workers that would quit their jobs, driving their wages up I don'

Good point, I hadn't considered those second order effects. > There are plenty of low income workers that would quit their jobs, driving their wages up I don't think we have enough information currently to unequivocally state that. How many low income workers would quit? It's not like many people in better paying jobs reduce their working hours up to a point where they make the equivalent amount of money as a UBI. How many currently unemployed people would be picking up the slack? > thereby either driving up the cost of goods or reducing supply. Labor costs are a small part of the price of basic goods. I couldn't find much good information, but e.g. [1] says that for fresh fruit and vegetables a 40% increase of labor costs amounts to a 4% increase for consumers. [1] https://migration.ucdavis.edu/rmn/more.php?id=2005 https://migration.ucdavis.edu/rmn/more.php?id=2005