Universal Basic Income and the Average Wage

Hey there, I was thinking about the impact that a Universal Basic Income would have on society the other day and wondered if the average wage would rise or drop. According to many supporters of the UBI a basic income would grant the employees leverage over employers because they would be economically less dependent. I can see that this is an valid option but isn’t there a chance that the opposite would occur? I can imagine that employers would try to keep the wages as low as possible, because that is what you do to make profit – save […]

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