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A common thing both sides of the UBI debate don't consider is "Should UBI normalized to a local cost-of-living" I think the default assumption a lot of people m
by blamestross 5y ago
A common thing both sides of the UBI debate don't consider is "Should UBI normalized to a local cost-of-living" I think the default assumption a lot of people make is "yes" but having an unadjusted UBI can have a LOT of benefits.
There will be inflation, but it won't 1-1 undo the benefits. It will be distorted by demand. It would basically let us re-colonize low cost of living areas that are currently getting abandoned because the only hope of income without capital is in urban areas. "UBI ghettos" won't happen simply because they will be too expensive, if you want to survive on UBI you will have to move to a low cost of living areas in order to escape the inflation of urban cost of living and the US if FULL of low cost of living options, they just lack demand because they don't provide hope of financial advancement like high-demand urban areas. UBI would first allow us to utilize all that space better and then the presence and distribution of those colonists would provide the potential for economic advancement that rural areas currently lack.
Would people decide just to "live off the system"? Sure they will, let them! The reality is they probably were not producing much more than a narrative of power for their employers anyways. This way we don't even waste the effort of that lie and they get to have better lives. The only loser is the person who needs to command others for their source of life-satisfaction.
At the end of the day, all the benefits of UBI are secondary to the one reason we MUST have it. Automation increases efficiency, but when the automation is not owned by workers, it just lowers their negotiating power. The result, is that as the value of labor lowers below the costs of living, nobody with power has inventive to fix it until the starving proletariat shows up with guillotines. UBI or a system like it will be the only way to avoid the inevitable self-destruction of our capitalism due to short-term incentives being followed to a dead-end.
People talk about the pandemic financial support (payments or unemployment ect) causing labor shortages, the problem isn't that we don't have labor, normally we have a labor surplus! The problem is that our economy is predicated on labor costs so low that they only interest a desperate and starving worker class. This is what happens when workers get negotiating power like UBI would give them!