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For food, goods, and services, for much of the market there is both sufficient competition and means to increase supply, that I do not think prices can be rais
by SubiculumCode 7y ago
For food, goods, and services, for much of the market there is both sufficient competition and means to increase supply, that I do not think prices can be raised unilaterally with an UBI. If you raise your prices, but I don't, I get your customers. Basic free market ideas.
However, for rent, there is real scarcity in supply AND limited ability to raise production. I expect that UBI will be an inflation ratchet for rent, unless it is paired with a policy that somehow increases housing supply.
UBI could help more inland cities become more attractive to business as their economies would grow with UBI, but have more land to build housing on.
- phkahler 7y agoI know someone who lives in subsidized housing. Rent is a percentage of income. Barring additional changes, that percentage of UBI would go directly to rent as a matter of law. That might be less of it than normal unregulated rents.