4 ms·
If you distribute the UBI as things like subsidized food pantries, universal health care, and pre-paid apartment rents, it doesn't enter the market as dollars t
by hakfoo 4y ago
If you distribute the UBI as things like subsidized food pantries, universal health care, and pre-paid apartment rents, it doesn't enter the market as dollars that crowd the existing dollar-denominated economy.
In a practical basis, this might result in many jobs generating very low salaries (since that can occur without quality-of-life compromise). Maybe we end up paying an unskilled telemarketer only $5,000 a year, but that's all "fun money" with his basic life expenses covered by the state.
In the long term, this could cause deflation, as a lot of "discretionary" products have to reprice to exist solely within the "fun money" budgets, rather than "we can charge $600 for a PS5 because plenty of people will skip meals to afford one."