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To your first point: not necessarily. Most serious suggestions of a basic income don't involve just printing a huge amount of cash and mailing it out. They're a
by patmcc 13y ago
To your first point: not necessarily. Most serious suggestions of a basic income don't involve just printing a huge amount of cash and mailing it out. They're about taxing high earners more, saving a bunch of money on other social programs (and probably police and stuff as well), and then distributing that money to everyone. If you balance that out instead of just increasing the money supply, it might not cause crazy inflation.
To the second - they pay whatever they need to pay to get the workers they need. Everyone is already getting $X a week from the basic income. Fast food workers will make a total of $X+Y a week, and doctors will earn $X+Z, where Z is probably a lot more than Y.
Also, remember basic incomes are typically suggested to be enough to live on and no more - so if you want some luxury items (whatever we decide those are) you'll probably need to get a job somewhere. So there's still incentive to get a job.