Free money for all: Germany's basic income experiment
Free money for all: Germany's basic income experiment
4 comments
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I really like the idea of UBI, and the studies I've seen seem uniformly positive, but they all tend to be comparatively small, as in a small percentage of the local population. Are there any studies that show what happens when everyone, or almost everyone, has more money?
I'm curious what would happen with that much more money in active circulation. Intuitively, it seems to me that prices for essentials such as housing and food would just increase to 'mop' it up and leave us with the same problems of unafordability as before.
How can this sort of effect be avoided when UBI is deployed at scale?
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It's almost as though the essentials for living need to be provided by the state (or whatever societal structure exists) free of charge to anyone who needs them.
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The other alternative would be, for the pay of the jobs to lower. So you would get 1.500€ more, but your job pays you a similar amount less.
That still has the advantage, that you are not forced to your job that much and it makes changing work easier.
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Interesting there's no mention of unemployment via AI/robotics in DW's reporting of this issue.