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Again, in some places this might happen, but not everywhere. For example, do you really think that it won't be possible to rent a room for less than $10k/year (
by jbay808 6y ago
Again, in some places this might happen, but not everywhere. For example, do you really think that it won't be possible to rent a room for less than $10k/year ($813 per month), anywhere in the country?
Secondly, if your net income is currently $0, then it's hard to imagine that price inflation alone could be enough to keep your purchasing power from significantly increasing with UBI.
Thirdly, labor supply might not necessarily be removed; there would be less need for a minimum wage, and fewer cases where eg. disability payments or unemployment payments are an active disincentive against working (get a job and get paid less than you earn on unemployment handouts), so there's a reasonable chance the labor supply would increase for many tasks.
- new_realist 6y agoIt seems like UBI either promotes overrunning the planet with more humans (more resources = more reproduction), or else there are restrictions on where humans can spread, creating housing inflation. Or a mix of both.
- Izkata 6y ago> do you really think that it won't be possible to rent a room for less than $10k/year ...that's not what they're saying. The 10k/year wouldn't all go to one cost, it would get split across all costs, distributed by peoples' choices. Certain foods may go up only a couple dollars, while rent could increase a few hundred, until in aggregate across all costs that extra 10k is used up with no net gain to quality of life.
- jbay808 6y agoIf your current income and expenses are $X and $Y, there's some X and Y for which that will be true. But it's necessarily greater than X = 0. The resulting increase in prices will not compensate for the increase in income, for sufficiently low income.