I hadn't come to any conclusions on UBI which is why I asked if everyone got it regardless of whether they had a job or not. Mainly because my $7.50/hr vs $15.01/hr person example... if you had a UBI of $6/hr which people CAN survive on but they can't eat great and such... can probably even do less. I guarantee you welfare/food stamps pays way more than people actually need. Most groceries I've ever been able to buy for my family have been when I qualified for food stamps. We ate like kings in our opinion. :) I haven't qualified for a long time and spend less than half what food stamps gave me. So if the UBI is to make sure people can survive it would need to be realistic. So let's say it was $6/hr as a hypothetical... would that mean the person that was making $6/hr would get the $6/hr UBI + if they had a job their $7.50/hr and the other person would be getting $6/hr + $15.01/hr?
You are viewing a single comment's thread from:
I think it would change the labor market because employers would have to be more competitive when hiring (since not everyone had to work). There are a lot of valid concerns about inflation or even hyperinflation, but from my perspective, we'd already be seeing hyper inflation right now given the $8T+ which has been created out of nothing over the last 8 years or so. The reason we aren't, I think, is because of incredible productivity we have due to technology. We should probably be seeing $8T+ in deflation right now, but the FED just prints away (to the benefit of their bankster cronies who see the money first) which essentially steals from the rest of us.
If you want to know more, I'd recommend following those Facebook groups for a few months. They post a lot of really interesting articles from some very smart people on the topic. Inflation is a possibility, but there are also other offsets which might prevent that from happening.