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A comment on Universal Basic Income is Capitalism 2.0. Parent comment

Re:Universal Basic Income is Capitalism 2.0 by zentiggr on Thursday July 30, 2020 @11:27AM (#23999276)
I can't see your logic.

If someone is making ends meet by working at your (illegally low) wage, then having that wage _plus_ UBI means that they are UBI rate / existing wage times better off.

The wage's percentage of total income dropping is a red herring.

No one will be pushed to work more when they have _more_ resources at hand.

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Re:Universal Basic Income is Capitalism 2.0 by jlokier on Thursday July 30, 2020 @07:57PM (#24004169)
I think you haven't taken into account the adjustment to prices that happens, eventually, as the market responds to everyone being on UBI.

That's why I wrote "real", as in adjusted for inflation.

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