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> The most likely outcome is that very quickly all the UBI money will be going to the few landlords and soon people will need "UBI plus a job" to pay rent and m
by notJim 5y ago
> The most likely outcome is that very quickly all the UBI money will be going to the few landlords and soon people will need "UBI plus a job" to pay rent and make ends meet.
This doesn't make sense. If it was the case, raising the minimum wage would have the same result, but studies have shown that people are better off when the minimum wage goes up. Landlords do not have infinite power to raise prices, because they are in competition with one another.
To the extent landlords have too much power, it's largely because we have decided to prevent the construction of new housing for many years.
> And desirable housing is always limited.
Does not have to be if you allow people to build more housing, and fix the regulations that make it overly expensive to do so.
- chii 5y agoI would argue raising minimum wage doesn't have the same effect, because the value produced by the job on this minimum wage, in totality, is still higher than the minimum wage (because if it weren't, those jobs would then be gone, and the person would end up with no job, rather than a raised minimum wage).