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> For example, when women started to enter the work force starting in the 70/80s, it lead to a dramatic rise in prices. I agree with the earlier point about in
by splintercell 8y ago
> For example, when women started to enter the work force starting in the 70/80s, it lead to a dramatic rise in prices.
I agree with the earlier point about inflation due to free money, but this one doesn't follow.
Women mostly entered the workforce during the war. Not to mention cheaper labor (which would happen if more labor enters the workforce) should actually cause the prices of goods to drop, not rise.
However in case of UBI, labor pool isn't being increased (it's being shrunk), and more money is being given to that segment of the society (taken from other segment of the society), which would mean the prices for the goods which these people wanna buy would go up.
- kwhitefoot 8y ago> case of UBI, labor pool isn't being increased (it's being shrunk), That's not what the few experiments on UBI say. Generally the only people to put in fewer work hours in the Canadian experiment were mothers with small children. See https://en.wikipedia.org/wiki/Mincome#Results https://en.wikipedia.org/wiki/Mincome#Results