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It also hugely depends on the competitiveness of the market in question. Corn is not likely to go up in price but your internet bill probably will.
by gnarbarian 9y ago
It also hugely depends on the competitiveness of the market in question. Corn is not likely to go up in price but your internet bill probably will.
- SubiculumCode 9y agoIndeed. One of the issues with the modern economy is LACK of competition. There is significant declines in competitiveness across industries (e.g., https://www3.nd.edu/~wbrooks/BKL_merged.pdf https://www3.nd.edu/~wbrooks/BKL_merged.pdf). For UBI to not result in increased prices, and to be effective, we must also solve issues related to monopolization and price fixing of markets.