5 ms·

>If you are earning $2000 a month, and the company knows that you were earning $1000 a month from the government, and they cut your pay to $1000 a month, you’re

>If you are earning $2000 a month, and the company knows that you were earning $1000 a month from the government, and they cut your pay to $1000 a month, you’re still only getting $2000 a month. Your overall financial health, and way of life has not changed one bit. you have simply replaced one source of income with another. You’re still making $2000 a month, the only difference is, the corporation doesn’t have to pay you. We have simply replaced one source of income with another. You’re still making $2000 a month, the only difference is, the corporation doesn’t have to pay you. If a Toyota Camry cost $10,000, and all customers are getting $1000 a month free from the government, then raise the price of the Camry to $11,000 I often argue that the markets do not optimize for the right outcomes, thus not so great, but even I do not think they are that stupid nor inefficient. If your standard of living has not improved (by your previous argument), why would the markets raise the price for the Toyota Camry? So they get less sales? Why would the workers agree to do the same work for less even if they are gettin extra money? An UBI will definitely shift the markets and maybe not in a good way, but that analysis seems so absurd that I consider even calling it an oversimplification to be too generous.

Simulacra 6y ago
Because your standard of living doesn't matter. Who would get a UBI? Someone making less than 30k? 50k? If you're already making $80k a year you don't worry about price fluctuations as much. but if you're only making $22k a year, and the government decides you get an extra $600 a year, business will factor that into their pricing models. A Macbook might not go up by $600, but your rent, food, entertainment, gasoline, etc. can and probably will. This is why you can never tell a car dealer how much money you have to spend, because they are going to do everything they can to squeeze every last dime out of you. a UBI makes that WAY easier. Quick credit check, how much do you make, oh only $28k. You must be getting a UBI. Let's make sure we factor that into the price they will pay. The only way a UBI works is everyone agrees not to screw people over, and that has never, ever, happened in the history of mankind. So why will it suddenly work for a UBI?

Simulacra 6y ago

Because your standard of living doesn't matter. Who would get a UBI? Someone making less than 30k? 50k? If you're already making $80k a year you don't worry about price fluctuations as much. but if you're only making $22k a year, and the government decides you get an extra $600 a year, business will factor that into their pricing models. A Macbook might not go up by $600, but your rent, food, entertainment, gasoline, etc. can and probably will. This is why you can never tell a car dealer how much money you have to spend, because they are going to do everything they can to squeeze every last dime out of you. a UBI makes that WAY easier. Quick credit check, how much do you make, oh only $28k. You must be getting a UBI. Let's make sure we factor that into the price they will pay. The only way a UBI works is everyone agrees not to screw people over, and that has never, ever, happened in the history of mankind. So why will it suddenly work for a UBI?