Sure, people/companies adjust to the presence of UBI, but it does change the shape of the supply/demand landscape. It doesn’t create money out of thin air, but it influences low income differently from high income and it changes incentives to earn. I think it’s not easy to predict the aggregate effect.
Sure, people/companies adjust to the presence of UBI, but it does change the shape of the supply/demand landscape. It doesn’t create money out of thin air, but it influences low income differently from high income and it changes incentives to earn. I think it’s not easy to predict the aggregate effect.