This is where I'm confused about the benefits of UBI.
So, say that we institute UBI, and people no longer have to work. That increases the cost of labor - you can't attract a cashier for $9.30 an hour, so you have to pay $15 an hour or whatever.
This has to be passed right back to the consumer, so prices go up. Rent goes up as well - maintaining property takes labor as well. Now, the UBI is no longer sufficient to sustain a decent life, and the poor are right back to where they started.
So, say that we institute UBI, and people no longer have to work. That increases the cost of labor - you can't attract a cashier for $9.30 an hour, so you have to pay $15 an hour or whatever.
This has to be passed right back to the consumer, so prices go up. Rent goes up as well - maintaining property takes labor as well. Now, the UBI is no longer sufficient to sustain a decent life, and the poor are right back to where they started.