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Been a while since I saw a call for UBI. I think I subconsciously credited an inflationary environment and the wake-up-call that was the things we depend on b
by jddj 4y ago
Been a while since I saw a call for UBI.
I think I subconsciously credited an inflationary environment and the wake-up-call that was the things we depend on becoming slightly harder to get because fewer people were working their usual jobs.
And the difficulty in getting things done in a malfunctioning labor market.
And in general just a lot less magical thinking in commodity squeezes / rising rate environments.
But that's not to say that the problem doesn't exist. Just that it's interesting that this particular solution seemed to skulk away for a little while.
- bamboozled 4y agoI find this comment interesting but hard to understand, what is the gist of your comment ?
- jddj 4y agoThat's fair, it was probably a bit snarky. I read the featured article as a call for universal basic income. My point was mainly that calls for things like that had disappeared slightly over the past couple of years, and in parts of the world we had the brief experiment and the almost immediate result was an overheated economy where none of the boring staples were available anymore. I'll grant that it's not fair because we didn't have robots stocking shelves and the stalled shipping industry played a big part, but I think there was still a lesson learned that these nice-sounding solutions like "just stop burning fossil fuels overnight", and "just give everyone money" started to feel a bit less like quick fixes and we were reminded that the transition will be a long, slow one. It was interesting to see a UBI article with inflation running hot. I had sort of assumed they were from another time.