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ComradeCosmobot
Dec 4, 2004

USPOL July

My Imaginary GF posted:

Unfortunately, now that people can afford to live, what will the second-order impacts be? Will we see a rapid increase in unemployment as service industry jobs are made obsolete due to more affordable home and fast-casual dining? How many McDonald's and other franchises will go belly-up due to an upward shift in consumer spending trends?

Or, how much will higher education rates go up for individuals due to increased access? Will individuals be able to more afford to live the basics of life, while resulting in an overall reduction of tax revenues, or will they live a better life while increasing everyone's profit margins and reducing the deficit and need for entitlement programs?

And don't forget what the knock-on inflationary effects will be when rentiers know that who they are renting to is guaranteed to have $15k a year coming to them.

Now granted, inflationary effects have always tended to be less than the direct impacts (see also: minimum wage hikes) but they will exist in an unknown amount.

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