Bunch of research on this, and while it does lead to some inflation, so long as competition is acting on the market only a small percentage goes on this.

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phkahler 3 hours ago | parent | next [-]

I haven't heard of any UBI experiments, only giving BI to some people, which would not have much impact on things like average rents over an entire region.

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AndrewDucker 3 hours ago | parent [-]

It's more than when minimum wage goes up (which has a similar effect on people at the lowest end of the wage earners - their income goes up by X) the effect is not that food/housing immediately captures all of that X, it captures about 20% of X.

(I appreciate that I'm not offering sources, and am going from memory here. Sorry, if I had the time I would try and track them down.)

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ponector 2 hours ago | parent [-]

There are multiple points against such comparison: 1. Minimum wage goes up - for some amount of people. Most are not feeling it as they are not on the minimum wage or not working. 2. Salary is not UBI, it is actually earned, taken from revenue.

	▲	inigyou 2 hours ago \| parent [-]
		UBI isn't positive for everyone either, above a certain income point people have to be paying more in tax to balance it.

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jplusequalt 2 hours ago | parent | prev [-]

The real issue isn't inflation, it's that UBI is too bloody expensive in practice.

	▲	AndrewDucker 2 hours ago \| parent [-]
		Entirely true. If you want UBI without massive inflation then you have to suck back in most of the money you've produced. Of course, you can then do that pretty sensibly so that you don't have cliff edges like we do at the moment.