News for hackers. Stuff that matters.

A comment on Basic income would not reduce people’s willingness to work. Parent comment

Re:Basic income would not reduce people’s willingness to work by HowTheStoryEnds on Tuesday January 18, 2022 @07:04AM (#29977905)
Why would rent not rise? Landlords know you have X more to spend now. Why would they not raise prices, altruism? You think that's their reason behind renting out property?

Same with the telecommunications pseudo-monopolies: you really think they won't try and tap into that resource even if a little? Communications has become almost as vital as housing the last decade.

Companies will do everything they can and the public is capable of paying to increase their revenue.

Also: depends on how you define 'rent control'

[ Parent | on HN ]
Re:Basic income would not reduce people’s willingness to work by wlecometo on Tuesday January 18, 2022 @09:08AM (#29979302)
Because people can decide to go live in another place, quit their job and get another one in the new place.

One of the reason some people do not move is due to being comfortable and at travel distance to their job.

Under this light you can see what happened to several European cities with high rent due to University: as soon as Covid made students go home to their parents as classes were online, there was a huge drop in rent prices.

[ Parent | on HN ]