UBI, or universal basic income, is a form of direct cash assistance to help the most vulnerable get back on their feet. A new study in Denver suggests it works.
Like the one recent CEO saying the quiet part aloud by saying government should promote higher unemployment, since in the high employment environment employees aren’t desperate and have more demands costing him money. That employees arent feeling enough pain and despair in economy.
To be fair, this isn’t that far away from the economic theory underlying using interest rates to manage inflation - it’s just phrased in a different way.
In most cases, yes; but in this case in particular, with UBI increasing the buying power of the poor, those with capital would actually profit off of implementing such a service. No, this one boils down to good old fashioned classism.
Those with capital profit off of not doing so.
Like the one recent CEO saying the quiet part aloud by saying government should promote higher unemployment, since in the high employment environment employees aren’t desperate and have more demands costing him money. That employees arent feeling enough pain and despair in economy.
To be fair, this isn’t that far away from the economic theory underlying using interest rates to manage inflation - it’s just phrased in a different way.
In most cases, yes; but in this case in particular, with UBI increasing the buying power of the poor, those with capital would actually profit off of implementing such a service. No, this one boils down to good old fashioned classism.