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A comment on People kept working, became healthier while on basic income: report. Parent comment

Re:People kept working, became healthier while on basic inco... by CivBase on Thursday March 05, 2020 @11:39AM (#22495136)
> For which the market should correct by increasing their compensation, thus incentivising people to return to working, no?

Which drives up the cost of goods, resulting in an inflation that counteracts the UBI and gets us right back where we started.

[ Parent | on HN ]
Re:People kept working, became healthier while on basic inco... by AnIdiotOnTheNet on Thursday March 05, 2020 @11:43AM (#22495189)
Competition still exerts a downward force on prices, and as the cost of labor increases the cost of developing automation will become more and more attractive to replace it.
[ Parent | on HN ]
Re:People kept working, became healthier while on basic inco... by tomp on Thursday March 05, 2020 @01:37PM (#22496543)
You don't need UBI then, prices will just go down towards 0 because of competition, resulting in free food / housing / clothing / mobile phones for everyone.

Only being half-sarcastic here.

[ Parent | on HN ]