Americans spend 1/3rd of their income on cars, and 1/3rd to 1/2 on housing.
UBI is not going to fix this. It will just move the prices of these nessecities up like we saw durning the COVID stimulus.
America and most of the developed world is stricken with a supply problem. Car dependency is resource intensive and housing is in such short supply that it costs 2x what it would in an efficient market. Any attempt to fix it on the monetary side via ubi or minimum wage is a waste of time. Although, if we did fix it, then UBI would be great, but probably not really necessary.
UBI is not going to fix this. It will just move the prices of these nessecities up like we saw durning the COVID stimulus.
America and most of the developed world is stricken with a supply problem. Car dependency is resource intensive and housing is in such short supply that it costs 2x what it would in an efficient market. Any attempt to fix it on the monetary side via ubi or minimum wage is a waste of time. Although, if we did fix it, then UBI would be great, but probably not really necessary.