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> For which the market should correct by increasing their compensation, thus incentivising people to return to working, no? Which drives up the cost of goods,
by CivBase 7y ago
> For which the market should correct by increasing their compensation, thus incentivising people to return to working, no?
Which drives up the cost of goods, resulting in an inflation that counteracts the UBI and gets us right back where we started.
- AnIdiotOnTheNet 7y agoCompetition still exerts a downward force on prices, and as the cost of labor increases the cost of developing automation will become more and more attractive to replace it.
- tomp 7y agoYou don't need UBI then, prices will just go down towards 0 because of competition, resulting in free food / housing / clothing / mobile phones for everyone. Only being half-sarcastic here.