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If UBI is setup as more of a survival supplement than an amount of money desireable to live on entirely, then no. It also has to offset benefits received from
by brightball 5y ago
If UBI is setup as more of a survival supplement than an amount of money desireable to live on entirely, then no.
It also has to offset benefits received from other programs like welfare, unemployment to help cover the cost.
IMO $700 / month is about the right number where it helps with basic needs and dry spells but isn’t so much that you’re incentivized to withdraw from the job market entirely.
At the same time, minimum wage can go away entirely if UBI is in place since the UBI doesn’t go away like unemployment the moment you have a paycheck. You work to earn more, not trade income sources.
- willnonya 5y agoNone of that has anything to do with UBI and inflation. Even if you put "only" $700 more dollars in the hands of people then you increase the demand on the market by $700 per person. This will always have some inflationary force. It doesn't matter whether they buy TV's or bread. The real question is where does the money come from. If it is permanent and comes in lieu of existing spending from money already in circulation then the inflation should be minimal. If this is new money thrown into the money supply then we'll see significant inflation from it.