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But if everyone including those in the low COL area was getting UBI then it should equalize no?
by Avicebron 6y ago
But if everyone including those in the low COL area was getting UBI then it should equalize no?
- kenhwang 6y agoI believe so, but the economic impact isn't well understood yet. The UBI experiments so far have shown that it does have an inflationary effect (which causes COL to go up), and at the same time, incomes decrease as secondary earners opt for UBI instead of working. People overall are much happier, but their financial situation gets worse.