Re:83% of Americans Are Belt Tightening Due to Inflation Pre...
by lotsofpulp on Wednesday May 26, 2021 @03:47PM
(#27295179)
That's a good point, and I would like to see a universal basic income to see the actual effects.
But my conjecture would be we might see lower wages for desirable work, but higher wages for undesirable work.
Or so now people doing even more distasteful and/or lower-paid work outside of the formal economy because it can stack with means tested benefits can afford to clean toilets for low wages in the formal economy because it stacks with the now-unconditional benefits. Conjecture as to which effect dominates based on behavior with additional means-tested benefits is on extremely shaky ground.