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Re:Time for a Guaranteed Basic Income? by ghaff on Saturday January 23, 2016 @01:46PM (#10959434)
Based on what I've read, inflation is one of the weaker arguments against UBI assuming that it was implemented as a pure redistribution. (i.e. no increase in money supply, deficit, etc.) That said, given the scope of such a hypothetical program, it's probably reasonable to assume that there would be some demand shifts that could drive up certain wages and certain goods (perhaps housing in some areas).

Or not. With, presumably, no more minimum wage and everyone with a poverty line-ish income without working, maybe Walmart doesn't need to pay as much to get part-time workers who just want to earn a little extra.

Re:Time for a Guaranteed Basic Income? by existencebox on Saturday January 23, 2016 @02:03PM (#10959529)
You touch on actually another part of the question that I haven't heard discussed much. Many UBI proponents suggest that it would allow people to allocate smaller portions of their lives to "earning a little more" rather than their whole time on one job, but is the economy even set up (or able to evolve sufficiently) to support this? Additionally, would WE be ok with it? There's already a lot of push-back around buzzwords like "gig economy", and that would seem more prevalent in an era of ad-hoc work as needed for luxuries.