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> What's stopping prices from rising accordingly? I'm still on the fence about UBI. But many of the things poor people would buy with this money is: food, clot
by jopsen 6y ago
> What's stopping prices from rising accordingly?
I'm still on the fence about UBI. But many of the things poor people would buy with this money is: food, clothes, ordinary household supplies, electricity, phone subscription, internet, etc.
Today, many of these things aren't necessarily priced based on supply/demand, at-least I rarely see prices fluctuate. I assume because our hyper-industrialized/semi-automated countries we can easily manufacturer as can be sold.
So instead stuff is priced based on what the _targeted customer segment_ is willing to pay. Hence, prices might not go up just because the customer segment grows in size.
- jopsen 6y agoArguably, there are things like housing which may play out differently. UBI without regulation, or some sort of gradual phasing-in would probably not be sound :D