Let's say that currently rent is $1,000 per month, food is $500, and Alice is earning $2,500.
Now UBI is implemented and Alice and all fellow citizens receive $1,000 per month. What will keep the market from easing the entry level rent up to $1,500 and food to $1,000 since the money is available? At first glance it seems like we'd just be choosing a different number representing "broke".
Now UBI is implemented and Alice and all fellow citizens receive $1,000 per month. What will keep the market from easing the entry level rent up to $1,500 and food to $1,000 since the money is available? At first glance it seems like we'd just be choosing a different number representing "broke".