4 ms·

I think that will happen in some cases, but we need to be prepared for the reality that wages can't increase everywhere. Lots of restaurants and grocery stores

I think that will happen in some cases, but we need to be prepared for the reality that wages can't increase everywhere. Lots of restaurants and grocery stores will go out of business before they can double wages. You may think that's a good thing, but you can't just say "Those rich businesses will just cough up more money". That won't always be the case.

sofixa 5y ago
> Lots of restaurants and grocery stores will go out of business before they can double wages Or they can increase prices to match their increased salary expenditures and stay in business.
foxyv 5y ago
Notice I mentioned two options. The other option is they can just be a friendlier place to work. Most people don't care about compensation beyond their basic needs. They want a secure, safe, and happy place to work that pays a living wage. With UBI, places like that will do MUCH better because people won't have to work for bad employers to make a living wage. Often the major predictor of an employee leaving/staying isn't the compensation, but the management.