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BosunoB | 5 years ago
Unless you have some hard data, your argument doesn't seem very convincing. The numbers could easily work out in any way, and it would probably depend on the actual amount of UBI you use, because the effect on the workforce and the spending power of consumers would be important for determining the amount of inflation. Studies are useful in situations like this.
Also, I mean, this subtly doubles as an argument against a minimum wage increase. In the same sense that a UBI might slightly decrease the workforce and lead to higher wages for those remaining (and inflation), a minimum wage increase would also. Do you have a proposed tool to increase the wages of an immiserated 20% of the population that doesn't also have the potential to cause inflation?
ueueshitashita|5 years ago
Seeing as plenty of people are earning more with the federal unemployment compensation than they would if they were working full time, I'm not sure what exactly is "unconvincing" about it.