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What's to stop companies from just upping their prices to absorb the $1k given to us? We need a real UBI scheme, this policy won't solve anything.
by babycake 7y ago
What's to stop companies from just upping their prices to absorb the $1k given to us? We need a real UBI scheme, this policy won't solve anything.
- bostonvaulter2 7y agoAll companies won't do this because they're looking to maximize their profits. One of the key factors that consumers look at is the price of a product, so if 3 competitors raise prices (due to UBI) and one keeps it the same or lowers their prices, in a well functioning market I would expect that competitor to start to take over more marketshare.