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Minimum wage and ubi are totally different, though? Why would you expect them to have the same effect? Or are you arguing that people need to be poor?
by kevingadd 3y ago
Minimum wage and ubi are totally different, though? Why would you expect them to have the same effect?
Or are you arguing that people need to be poor?
- jvanderbot 3y agominimum wage can be confused with UBI, because it has a disproportionate (positive) effect on the poorest - a significant % boost to their disposable income. There are a number of effects that boost disposable income in the US: lower tax brackets, tax credits, minimum wage, etc. I don't think anyone is arguing that people need to be poor, just illustrating that it's difficult to really say what the effect will be of increasing disposable income. Isolated studies of UBI suffer from this same problem. A localized increase in spending power may not tip the wider economy, but if everyone had it? That really might. We just don't know.