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by lilsunnybee
4468 days ago
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Only if they were colluding with one another. Lower prices remain attractive to consumers even when they have extra cash to spend. Reasonably priced goods would still win out in volume of sales over unnecessarily high-priced goods. |
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If everyone knows they can get basic income for doing nothing, the majority will not choose a job that pays less than or equal to the basic income.
This means businesses will have to increase wages (and costs of goods and services). No colluding necessary..just economics.