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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 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 ]