I don't understand UBI personally. In general it will have the net effect of dropping even more people out of the labor pool. Even with increasing population over the last 50 years the number of people participating is going down. Not as a percentage, but a number.
With that, things like getting a plumber will skyrocket in price.
I mean why should I fix your toilet if I can be at home playing video games right now? I'm going to have a roof over my head and food in my mouth either way.
Current UBI experiments don't have the experience of going 100% of the population, so there's no way to know what will happen.
With that, things like getting a plumber will skyrocket in price.
I mean why should I fix your toilet if I can be at home playing video games right now? I'm going to have a roof over my head and food in my mouth either way.
Current UBI experiments don't have the experience of going 100% of the population, so there's no way to know what will happen.