New Study: A $500 monthly basic income led to significant employment growth, enhanced savings, improved debt management, and better quality of life
New Study: A $500 monthly basic income led to significant employment growth, enhanced savings, improved debt management, and better quality of life
www.seakingwdc.org
New Study Reveals Impact of $500 to Fight Poverty in King County — Workforce Development Council of Seattle-King County
If this helps with all of that, how do they prevent companies from pricing it in?
They already raise prices without rising wages, because prices are not tied to income.
He means reduce wages by $500/month to account for the existence of the program
It's a valid question I think; I kind of suspect that it doesn't work that way (that the outcome would be more similar to "wah nobody wants to work for $12/hr anymore" and no workers), but I don't know enough to say for sure.
Better to say "It's unlawful to go lower than minimum wage". Though, here are some lawful situations where employers pay sub-minimum wage. We all know companies don't operate lawfully.
companies don't need to price it in because the consumers will just increase spending habits.
small studies like this don't work because people are heavily incentivized to save or pay down debt, knowing it's a study that can evaporate at any minute changes behaviors.
What we actually need is universal housing, I bet that's where most if not all of this money is going, right into the landlords pockets. The rich get richer.