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A comment on UBI Would Likely Increase Poverty Rather Than Reduce It (2019). Parent comment

Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by adam_arthur on Monday October 10, 2022 @06:28PM (#33157136)
Yes, now they make $15/hour and are poorer than ever with the longest decline in real wages on record
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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by lovich on Monday October 10, 2022 @06:32PM (#33157161)
They were already poorer than their parents when it comes to basics like home ownership or being able to afford children when we did nothing. Is the correct approach just to accept serfdom?
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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by adam_arthur on Monday October 10, 2022 @07:40PM (#33157679)
The correct approach is to let the economy grow organically without artificially low rates or high deficit spending, and not treat marginal declines in asset pricing as a crisis.

The bubble has already been created at this point, no avoiding it now.

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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by asdff on Monday October 10, 2022 @06:58PM (#33157397)
Where is $15/hr a living wage? A trailer park outside Toledo? Mass media perpetuated that narrative of $15/hr being enough, not any economists.
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Re:UBI Would Likely Increase Poverty Rather Than Reduce It (... by another_story on Tuesday October 11, 2022 @03:28PM (#33168067)
Not the point I was making. Stimulus allowed people leverage to push for change. The decline in real wages this year has little to do with that stimulus and has been happening over the last 40 years.
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