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by jopsen 2213 days ago
> What's stopping prices from rising accordingly?

I'm still on the fence about UBI. But many of the things poor people would buy with this money is: food, clothes, ordinary household supplies, electricity, phone subscription, internet, etc.

Today, many of these things aren't necessarily priced based on supply/demand, at-least I rarely see prices fluctuate. I assume because our hyper-industrialized/semi-automated countries we can easily manufacturer as can be sold.

So instead stuff is priced based on what the _targeted customer segment_ is willing to pay. Hence, prices might not go up just because the customer segment grows in size.

1 comments

Arguably, there are things like housing which may play out differently.

UBI without regulation, or some sort of gradual phasing-in would probably not be sound :D