We did have UBI going. It just set inflation in motion, as the naysayers always said it would, and we had to reel back.
UBI doesn’t have have to cause inflation, but implementation has to be careful to ensure that. You can’t throw any random desk jockey at the job and expect sunshine and rainbows. Trouble is, those who have the right skills aren’t interested in doing the work.
Technically GMI, but we’ve always conflated the two. The so-called UBI study Ontario tired to conduct a few years ago was also GMI, not UBI, if you look at the implementation details. There are subtle differences, to be sure, but they probably don’t make much difference in practice. The conflation isn’t the result of them being radically different.
Further, when you have unskilled people doing the work, as we do, it is likely they would be aware of the difference. So what differences do exist, even where impactful, are ultimately immaterial in any practical sense. Call it UBI, GMI, GBI, MBI, or the many other names thrown out there, and you’ll get the same response every time: “You what? Oh, you want to give people money? Okay. Umm. I don’t know what that entails, but I’ll think of something!”
We did have UBI going. It just set inflation in motion, as the naysayers always said it would, and we had to reel back.
UBI doesn’t have have to cause inflation, but implementation has to be careful to ensure that. You can’t throw any random desk jockey at the job and expect sunshine and rainbows. Trouble is, those who have the right skills aren’t interested in doing the work.
CERB wasn’t UBI
Technically GMI, but we’ve always conflated the two. The so-called UBI study Ontario tired to conduct a few years ago was also GMI, not UBI, if you look at the implementation details. There are subtle differences, to be sure, but they probably don’t make much difference in practice. The conflation isn’t the result of them being radically different.
Further, when you have unskilled people doing the work, as we do, it is likely they would be aware of the difference. So what differences do exist, even where impactful, are ultimately immaterial in any practical sense. Call it UBI, GMI, GBI, MBI, or the many other names thrown out there, and you’ll get the same response every time: “You what? Oh, you want to give people money? Okay. Umm. I don’t know what that entails, but I’ll think of something!”
no it didn’t. saying CERB caused inflation ignores hand waves everything else going on in the world economy.