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howrar@lemmy.ca ⁨8⁩ ⁨months⁩ ago

Plenty of arguments given here for why it’s unlikely to happen, but I’d like to provide a slightly different perspective of how I think UBI would ideally be implemented.

I think UBI should come with abolishment of minimum wage and a uniform decrease in everyone’s income from work (e.g. if UBI is 1k per month, then reduce everyone’s income by approximately 1k/month), so there wouldn’t be an obvious overall increase in everyone’s income. Workers now have more leverage to negotiate wages because they don’t need to worry about dying if they lose their job, and that should push up their wages to wherever is appropriate for their line of work. So overall, it’ll probably lead to a bit of inflation, but through the the same mechanism that inflation has always occurred rather than telling your landlords that everyone has an extra 1k for you to take now.

Does this make sense? Good or bad idea? Discuss.

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