It seems like this would cause a lot of low-end inflation as rental prices of cheap housing and such adjusts to the fact that people can now pay more reliably f

It seems like this would cause a lot of low-end inflation as rental prices of cheap housing and such adjusts to the fact that people can now pay more reliably for such things. Equally important, it seems like it'd suddenly be hard to hire someone to a position making (say) $27,000 a year when their alternative is to simply collect $20,000 a year - so a lot of lower-paying jobs will vanish... and the ones that adjust $ to compensate will of course have to pass on the costs to their customers. I'd expect an abrupt spike in the prices of restaurants, grocery stores, and the like. It's an interesting thought experiment but sure to cause some social upheaval.