3 ms·
It's tough... people feel like the US median standard of living has stagnated (the economic evidence is mixed on this subject) and therefore it is tempting to t
by drcode 8y ago
It's tough... people feel like the US median standard of living has stagnated (the economic evidence is mixed on this subject) and therefore it is tempting to think there must be some shortcuts we can take to leverage our high GPD into a raised standard of living through direct cash transfers.
However, I personally feel that these ideas will lead to counterproductive results, that these sorts of transfers can lead to severe inflation and will lead to a higher unemployment rates, thereby dragging down the very GDP they are dependent on.
Unfortunately, both sides of this argument have little direct evidence to support their position... aside from tiny, partial studies such as the one in this article, which cannot give any meaningful insights into the complex macroeconomic effects of a larger UBI rollout, which will likely be singificant.
Everyone is at an impasse on this question.