2 ms·
When you only raise it for a minority of a populace. While UBI is "universal" it gets clawed back via taxes for majority of populace. So prices really only rais
by jacobr1 5y ago
When you only raise it for a minority of a populace. While UBI is "universal" it gets clawed back via taxes for majority of populace. So prices really only raise for the products/services that are dominated by the marginal labor rates of those whose wages are net-increased. AFAIK, that is primarily the lower-end of the restaurant industry and the non-mechanized segments of agriculture (mainly squishy fruit/veg).