Literati@lemmy.worldtoNo Stupid Questions@lemmy.world•If UBI (universal basic income) were ever implemented wouldn't corporations and landlords immediately raise prices to effectively take that away from people?
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8 months agoRents are skyrocketing because demand is high and we literally do not have enough housing for the number of people we have in the places they live.
Suddenly dumping more money into the economy would just increase the price bar on that demand, and prices would go up more.
Prices can increase for a lot of reasons, and going up from one doesn’t stop them from going up from another.
Economics is just psychology masquerading as a hard science