There’s an argument to be made that you need rent control before mandating any wage increases otherwise landlords will just raise rent since they know you have the money. Same argument can be said for UBI, it’ll just be a $1000 a month gift to landlords. If you maintain capitals control over setting prices any increase in income will be gobbled up by them as they raise prices and increase profits.
You need to squeeze capital from both sides, price controls and wage increases, for redistribution to be effective. Otherwise they’ll compensate for losses on one side by increasing/decreasing the other.
There’s an argument to be made that you need rent control before mandating any wage increases otherwise landlords will just raise rent since they know you have the money. Same argument can be said for UBI, it’ll just be a $1000 a month gift to landlords. If you maintain capitals control over setting prices any increase in income will be gobbled up by them as they raise prices and increase profits.
You need to squeeze capital from both sides, price controls and wage increases, for redistribution to be effective. Otherwise they’ll compensate for losses on one side by increasing/decreasing the other.