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by klmadfejno 2171 days ago
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.