Is basic income having “everything”? If that’s the case, why isn’t there more downward pressure on wages? Because if $635 is all it takes, we are drastically ov

Is basic income having “everything”? If that’s the case, why isn’t there more downward pressure on wages? Because if $635 is all it takes, we are drastically overpaying everyone! A (very) modest ammount of health, housing, and food security is more like a foundation for an individual, rather than the entirety of their existence.