new situation would be that workers have a lot more leverage in their employment and living situation.
I have a feeling that this is one of the reasons the billionaires will never let UBI happen.
Comment on [deleted]
Some_Dumb_Goat@pawb.social 7 months ago
With what leverage? If you have no-strings-attached income, you are not facing destitution at the loss of your job, and it becomes a lot less risky to walk away from a job and move somewhere else. If all the landlords in one area do that, employers in that area will probably have to pay more.
But imo, some type ubi system should be paid for with a vat tax that just pulls it’s income directly out of economic activity, which would make it harder to avoid paying for. The result would be higher prices anyway which would probably offset the income, but new situation would be that workers have a lot more leverage in their employment and living situation.
My other hot take is that with a ubi, minimum wage should be abolished. Basically, with ubi the need for it would be lessened and more people might be willing to work jobs that they might not have been able to live off of without a ubi. But again, these are basically my hot takes
irreticent@lemmy.world 7 months ago
CaptainProton@lemmy.world 7 months ago
Game theory, it’s in the interest of every landlord if prices go up a little, so the overwhelming majority will raise rent.
Fact is only so much stuff is made and only so much space exists and only so many people exist to make and build etc. Money is just an abstraction for allocating those resources. Broadly speaking the market would adjust and everything would remain the same for 95% of people. The HOPE of UBI advocates is that, after adjustments to prices, the UBI would have an impact on that last 5%.
Septimaeus@infosec.pub 7 months ago
Until one landlord defects to improve their occupancy rate.
Game theory
CaptainProton@lemmy.world 7 months ago
The thing about real estate though, is that supply is inelastic. Your one landlord cannot just turn up production and pump out a million widgets of housing. They’ll sell out, fast. And you’re back to square one.
orcrist@lemm.ee 7 months ago
I don’t see any need to abolish minimum wage. The pressures that you’re talking about would allow people to quit those horrible minimum wage jobs, but there’s no strong argument for saying that the minimum wage itself should go away.