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They haven't solved the biggest question: "Would landlords raise rents to take the UBI for themselves?" This study was always way too small for that. We'll pr
by j_timberlake 1y ago
They haven't solved the biggest question: "Would landlords raise rents to take the UBI for themselves?"
This study was always way too small for that. We'll probably only find out for sure the hard way.
- kbelder 1y agoWe pretty much know the answer to that question. Everything universal... that everyone needs to purchase (rent, food, power, etc.) will raise in price to eat up the UBI. It will reach an equilibrium where, to make ends meet, you will need UBI and at least a minimum wage job. Any attempt to stop that from happening, such as price controls, raising UBI, etc., will cause shortages, abuse, or other issues. That's my prediction, at least.
- j_timberlake 1y agoYeah that's called Neoclassical economics, I don't doubt it's true. The question is whether the "shortages, abuse, or other issues" are worse than very-high unemployment scenarios in futures where the value of human labor has dipped below labor costs. It's probably going to get ugly no matter how the government tries to intervene, but it would be great if we knew ahead of time which interventions are better than others.