3 ms·
The price of low skilled labour will increase a lot, and that will drive inflation. Perhaps some think it will be for the better, and I can see the argument. Bu
by mongol 3y ago
The price of low skilled labour will increase a lot, and that will drive inflation. Perhaps some think it will be for the better, and I can see the argument. But it will mean that many companies will not be able to afford the labour they need to operate, and will need to shut down. Perhaps still no problem? But if the economy stagnates, there will be less taxes paid, and harder to finance the whole UBI thing. It will have assymmetric effects. I think it is a kind of singularity thing. The effects will be difficult to predict, but I think it will cause new problems to a degree that other better policies will not.