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if everyone's costs go up everyone will be forced to raise prices.
by sharemywin 9y ago
if everyone's costs go up everyone will be forced to raise prices.
- skybrian 9y agoTo some extent, but labor generally isn't 100% of the cost, so it's still a win. If wages go up due to people having more and better choices in life, isn't that a win?
- thriftwy 9y agoWhy would their costs go up?
- sharemywin 9y agolabor costs go up because labor supply goes down.
- thriftwy 9y agoThis depends. In many locales, labor supply might go up as people come for cheap homes to live on UBI, and then look for auxiliary work.