Re:Basic Income: Unintended Consequences
by icebraining on Tuesday February 16, 2016 @08:30AM
(#11109630)
That's true for student tuitions, but availability of money doesn't increase demand for a specific product/market, so if the prices in supply-constrained markets increase, some people will use that money for something else instead, reducing the demand pressure.
Similarly, local minimum wage laws might be eaten by rent increases, since they're tied to those area and jobs. But a BI would make it much easier for people to move out, distributing the demand over cheaper areas.
Similarly, local minimum wage laws might be eaten by rent increases, since they're tied to those area and jobs. But a BI would make it much easier for people to move out, distributing the demand over cheaper areas.