I don’t know how relevant this is now, but here’s a link to another post where I expressed my thoughts on what kind of pitfalls you might most likely face – https://lemmy.world/post/36867409

By the way, what is this phenomenon on Lemmy? Let’s say people are reluctant to read and comment on old posts published just a couple of days or a week ago, but with new ones, it’s a completely different story. What kind of psychology is this? Or it seemed to me?

  • frostedtrailblazer@lemmy.zip
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    3 hours ago

    How though? There’s no mechanism in UBI to increase production to match the increased demand. If anything its could decrease production / supply as less people work and choose to just live off UBI.

    UBI gives a lot of leverage to workers to have over their employers.

    Some people will do as you have said, where they will opt to not work and live off UBI. We see that currently though with some of these people living on the streets. People work for many reasons ultimately. For some, it’s to have their basic needs met, but many people work to have a higher quality of life and to have their wants met as well.

    With a UBI you ideally could have a small apartment, amenities, pay for public transportation, and not have to worry about putting food on your table each day. Let me just say you have Universal Healthcare too since if we managed to get UBI implemented, then there likely are other progressive programs we could implement at the same time.

    Increasing the amount of cash in the market doesn’t increase productivity/ supply, otherwise printing money would work.

    The thing about UBI is that money is backed by the US government, they’re not printing new dollars, so they’re not devaluing the money in the marketplace.

    Actually printing money in bulk is bad, because those printed dollars are not backed by assets, thus devaluing that currency as a whole. The US does print more money occasionally, but we devalue our dollar a little each time that we do.

    Increasing aggregate demand / money without increasing aggregate supply / productivity just leads to inflation. This is what I mean by its myopic focus on consumption, production also needs to be considered. Everyone wants to focus on the “to each according to their needs” part and not the “from each according to their ability”

    I agree that if our demand outpaced our production it would lead to higher inflation. Currently though, we produce much, much more than is demanded. So much so that we have billions in waste each year, that’s billions in weight too! So, realistically, people would be able to afford more food, but people only need/want so much food so spending habits on food should not change so much as to leave shelves consistently empty.

    The same thing applies to clothing as well, where we toss tons, upon tons of new clothes each year.

    Yeah certain industries can scale up relatively cheaply to match this increased demand but things like housing which have a limited supply that expands relatively slowly will just see price increases. You said this could cause increased competition for landlords but it will also cause increased competition for housing.

    Housing is purposefully kept at low supply. If houses and apartments were allowed to be scaled up to meet demand, then housing prices would go down. The thing is, that all the Not In My Backyard (NIMBYs) people will not stand for having the price of their house going down, especially if the price could ever drop to be lower than they are paying for their mortgage. Development is slowed down for similar reasons since if there is an abundance of available housing then housing prices could drop.

    If there are 4 houses and 5 households and before UBI 4 households made enough to afford $1,000 in rent and they got the 4 houses, after UBI of $1,000 the landlord can use the threat of renting to the homeless person to raise the rent until that homeless person is priced out again. If you increase the amount of money people have without increasing supply then the people will use that money to bid up prices until you’re back to the old distribution of resources.

    The government could step in to buy up many private apartments up to turn into public housing or they could implement rent controls to prevent rampant greed from landlords. I don’t think UBI would be enough for most people currently living on the streets to afford to live downtown, but it could help them keep a small apartment in one of the less busy cities or in the lower cost neighborhoods.

    The alternative to UBI that the left has been pushing forever, especially the African American left, has been a universal jobs guarantee. Anyone can go into a government office and they’ll give you a job with decent pay. Since you’re putting people to work you can actually increase productivity and supply to match the new demand. You still get all the guarantees of income and the benefits that entails of getting out of bad situations but you also are able to pressure employers for better labor standards. If the government is offering a living wage for 3 days a week then other employers will have to match that. It’s also more politically viable, trying to convince middle America that “free money” is a good thing will be a lot harder then convincing them that a jobs guarantee is good.

    Personally, I’m in favor of more government jobs that pay a living wage. I don’t think it has to be mutually exclusive, mind you, we could have UBI and more government jobs. UBI gives more flexibility to a lot of people out there, for instance single parents can more easily work part-time and still put food on the table or university students could focus more on their education rather than needing to balance a part-time job and their schoolwork.

    I agree that convincing ‘everyone’ of a UBI would be hard, but if Blue states implemented it and it saw success, then I’m sure people living in Purple/Red states could be convinced as well. I think you’re spot on though that we should still try to sell Universal Job Guarantee at the federal level as it could be sold right now with no further elaboration.