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$750 a month was given to homeless people in California. What they spent it on is more evidence that universal basic income works. (www.businessinsider.com)

submitted 11 months ago by Espiritdescali to c/futurology

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[–] moitoi@lemmy.dbzer0.com 0 points 11 months ago (1 children)

Nah. The price will keep low to fit in with the UBI. If the price are too high people will simply not buy. It has even a positive effect on the salary. People will work for more money as you reverse the power. People will work but if it give them a good amount of money otherwise they will use the UBI. The capital can't have capitalize as it does actually. It will be a lot less in favor of the worker. It change the entire dynamic on peut to see a worker, a price, etc.

This is partly why the corporations don't like the idea. They will lose a lot of power with a new actor.

[–] hemko@lemmy.dbzer0.com 3 points 11 months ago (1 children)

I think you're mixing up UBI with basic welfare. Main point of UBI is that it's given to everyone regardless of their income. From the poorest of homeless to Musk and Bezos.

[–] moitoi@lemmy.dbzer0.com 1 points 11 months ago

I know the difference.