[zozbot234]

The thing is, one you've raised those wages enough, the "bottom jobs" are no longer at the bottom. Especially if people are no longer limited to that single source of income. So some people get actively drawn into that sector, and prices stabilize. The whole notion of some jobs being at the "bottom" while others aren't is quite dysfunctional and not really an inherent part of a functioning economy.

BTW, an UBI can be less than "livable" and still be quite useful. Even a baseline subsidy can bring a very welcome increase in flexibility in the seemingly "bottom" sector, which is also often the entry point into the labor market.

[klmadfejno]

If wages rise, then prices rise. The stabilization occurs at the point where people need to do the bottom jobs. It's great if individuals can earn a partial UBI and a higher paid bottom tier job.

However, when you raised the wages, you inevitably caused some of those jobs to be outsourced. So now there's a class of people who bottom tier job doesn't exist anymore and whose UBI isn't enough to live on. Now they're screwed. They could offer to work for cheaper and lower the wages, and let's be fair and acknowledge that even if they do, overall real wages per capita will probably rise net positively. But it's much more difficult to compete with neighbor nations.