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by legacynl 697 days ago
> Unless I'm off here, I struggle to see how increased demand and decreased supply wouldn't impact inflation.

We're rapidly approaching the situation where 10 factory workers can be replaced by a single worker supervising some robots.

At some point the decrease in employment will not significantly impact productivity for a large sector of the market.

A properly implemented UBI scheme will be significant enough to allow a large part of the population to seriously reduce their income, either by working way less, or not working at all. Only that way can the amount of dollars in the economy stay relatively the same.

I think therefore the assumption that supply would diminish while demand increases is wrong.

1 comments

Given that, would you argue that the main condition needed for UBI, or wealth transfer in general, is increased productivity?