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Re:If You Think Free Money Kills Work Ethic, Your Definition... by WalterSear on Wednesday May 04, 2016 @03:12PM (#11630877)
I don't think that the only thing keeping civilization together is the fact that a certain population is impelled to work by starvation.

If the prices of things are being kept artificially low, due to the duress of the employees producing it, then the market will fix the problem. We might see a short term rise in certain commodities. But, unfettered, this just induces more efficiencies, such as automation, into the system. Efficiencies produced by upper middle class engineers, who would now, thanks to UBI, have the same earning power as their upper middle class parents did.

UBI isn't wage inflation for many reasons, such as the actual value of money isn't equal to people with different incomes. It isn't going to become more expensive to live, because people don't go out and buy twice as many groceries when the have twice as much money - the money is used for different priorities.

Re:If You Think Free Money Kills Work Ethic, Your Definition... by DougN7 on Wednesday May 04, 2016 @05:35PM (#11632063)
> the money is used for different priorities

More money chasing the same goods increases prices.

Imagine each family has $15K more than they do now. Some would upgrade their living conditions, causing more competition in the strata they are moving up to, which would increase prices. Some would buy cars they couldn't previously, causing more demand for cars, and increasing prices. Some would go for luxuries they couldn't previously, causing more demand.

There is no way around supply and demand.

The only way prices don't increase is if demand doesn't increase. If some people create more demand, others have to have less demand.