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Which is why i can't fathom why every business would not raise their prices to match the UBI minimum. I mean it's not like there would be anyone who can't affor
by buboard 7y ago
Which is why i can't fathom why every business would not raise their prices to match the UBI minimum. I mean it's not like there would be anyone who can't afford that.
- godelski 7y agoBecause UBI could open their market to more people. If they can make the same profit per person but increase their market size, why raise prices? That prices out more people. In fact this is commonly done now. You sell at a competitive price to expand your market share. It's exactly the tactic of companies like Amazon and Walmart. The problem is if a company has a monopoly and the good is a necessity.
- buboard 7y ago> If they can make the same profit per person but increase their market size, why raise prices There is no dichotomy here- their market size increases magically with UBI. If the answer to that question was even remotely close to yes, the tech sector would be full of hungry workers.