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Top-level
 @gnate I have prior expertise with OP, but keep in mind these essential services are already straining their price point, and yes, I'd hope UBI would not be the Ontario model that clawed back any income and punished families for staying together. There's a chance a teen might serve coffee for that same wage as always, maybe even a bit less, just for extra $, but would matrons still clean office and mall toilets? Would you? 7 comments
@gnate just as profits cannot grow forever, neither can wages. I mean look at Lira Pesos and Yen! You want milk prices given in exponent notation? $2.0e06? It's like Einstein said 80 years ago, industrial humanity produces for profit, not for use. @teledyn I'm no economics expert (or even well-informed student), but my impression is that if wages and inflation rise together, that's a reflection of a fixed (abstract?) value. How much effect does altering extreme wealth inequality have on that dynamic? Wealth distribution is a problem globally, of course, and quite visible in the US, with 40+ years of wage stagnation, as a constantly growing portion of wealth goes those accumulating it for its own sake.  This is true. Our civilisation is not viable. So stop moaning about its collapse ๐ Can you say "externalized costs"? And then there's #Piketty's infamous r>g |
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@teledyn I guess the implicit factor in my assumptions/fantasy is that we should all be making a lot more, which would relieve the price point issue somewhat. The existence of billionaires is to the detriment of all.