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The only realistic way the government could even attempt to accomplish this in any practical way is if they implemented a UBI.
by hitpointdrew 4y ago
The only realistic way the government could even attempt to accomplish this in any practical way is if they implemented a UBI.
- vinyl7 4y agoThat won't do anything because that creates a price floor, same way that minimum wage creates a price floor. The real way to do it is to remove the price floor
- jimbob45 4y agoQuite the opposite, no? Only by removing unemployment benefits and welfare payments could the general population be coerced into returning to the workforce. However, I think both of us would agree that such a strategy would be one for Congress to implement, not the Fed. Edit: I'm not advocating for or against such a strategy.
- donthellbanme 4y ago
- nightfly 4y agoIts old people that left the workforce, they aren't coming back.
- StanislavPetrov 4y agoThey could import millions of foreign low-wage workers with a defacto open borders policy. And they are.
- chrisco255 4y agoUBI would cause unbelievable inflation. The inflation we are seeing is a result of money printed and distributed over the last two years that is not backed by productive output. UBI is a magic wand fantasy.
- jjtheblunt 4y agoWhy do you think that, numerically?
- the_optimist 4y agoThis is a non-sequitur on every front, lining the muppets up for slaughter. Economics for rubes.