Participants received $1,000 a month. They took better jobs, went back to school and started opening businesses.
  • hitmyspot
    21·
    4 months ago

    I’m in fovour of ubi and inthino we have no choice but to implement it in some way, but let’s not forget that covid payments led to huge inflation worldwide. Its led to a cost of living crisis.

    • BrikoX@lemmy.zipOPMEnglish
      10·
      4 months ago

      Was it payments that caused it, or was it greed? Because inflation and shrinkflation happened at the same time as record profits for companies. It’s a popular talking point to blame cash payments for inflation, but reality doesn’t reflect that if you take even a cursory look behind the mainstream narrative.

      • hitmyspot
        11·
        4 months ago

        Supply and demand were both affected. Yes, there was profiteering too. Its complex. However, creating money, which we did, meant a larger demand, which led to inflation. It was worse for some things, especially of supply and bottlenecks were a problem.