That’s the reason why UBI and raising the minimum wage isn’t a permanent solution for the working class though. They are good and provide some relief certainly, but in the end the corporations will exploit even harder, raise prices causing inflation that makes the raises unimportant, and use all that as a debate point to show that giving back to the workers leads to price raises.
Workers should still fight for raises, benefits and better contracts, but the end goal should be ending the system that gives the owners of capital all the power in the world.
The way a UBI works is people using their new stipend to start up businesses undercutting the multi nats. And/or building up the human capital to be more able to do so, for the long game.
UBI is not a magic bullet, effort is still required.
That’s the reason why UBI and raising the minimum wage isn’t a permanent solution for the working class though. They are good and provide some relief certainly, but in the end the corporations will exploit even harder, raise prices causing inflation that makes the raises unimportant, and use all that as a debate point to show that giving back to the workers leads to price raises.
Workers should still fight for raises, benefits and better contracts, but the end goal should be ending the system that gives the owners of capital all the power in the world.
This assumes the markets lack competition.
The way a UBI works is people using their new stipend to start up businesses undercutting the multi nats. And/or building up the human capital to be more able to do so, for the long game.
UBI is not a magic bullet, effort is still required.