3 ms·
It's a gamble - either 2 will lead to 3, or 2 will lead to input and output prices of goods being raised. Probably some of both. Hopefully more of 3 than the a
by drak0n1c 6y ago
It's a gamble - either 2 will lead to 3, or 2 will lead to input and output prices of goods being raised. Probably some of both.
Hopefully more of 3 than the alternative, because the alternative scenario of prices rising has negative consequences in the form of economic deadweight loss even if UBI pays for the price increases.
- hrktb 6y ago2) and 3) are very simplistic predictions and we don’t have any idea if it has a higher chance to go that way. For instance an effect of UBI would be disappearance of bullshit jobs. A lot of job won’t see wages increase and will just be automated/optimized away instead. OTOH it could mean getting rid of minimum salary, which would lower the cost for high demand/vocational low paying work for instance (dog walking, cafe staff, event staff etc.) All in all I’m not sure it’s as simple as saying “people have money without working = prices go up”