this post was submitted on 09 Jan 2024
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Showerthoughts

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When talking to people who dislike UBI about UBI, they'll often say both that 'people need a purpose in life' and that 'nobody will work if they get free money'. (lemm.ee)
submitted 10 months ago by JackGreenEarth@lemm.ee to c/showerthoughts@lemmy.world
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Those seem incompatible to me.

(UBI means Universal Basic Income, giving everyone a basic income, for free)

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[โ€“] HeavyRaptor@lemmy.zip 4 points 10 months ago (1 children)

The demand will rise though. Suddenly all everyone will have some extra income every month. The price of most modern consumer products is based on what the market will bare not what it costs to produce them.

[โ€“] fidodo@lemmy.world 1 points 10 months ago

If you have companies competing with each other they will lower their prices down to what's needed to sustain itself. Again the problem is that we have too many monopolies in our market which is why so many companies don't have competition. The root cause for so many reasons why solutions are inefficient is due to monopolization and consolidation of wealth and that needs to be dealt with, but that doesn't mean we shouldn't also do other things at the same time even if they aren't as efficient as they could be.