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RE: LeoThread 2024-12-05 08:38

in LeoFinancelast month

Part 6/9:

With UBI's implementation, inflation could rise due to increased purchasing power, allowing individuals to opt out of low-wage jobs. To mitigate this phenomenon, one possible approach is to enhance automation in lower-wage sectors, creating efficiencies and lessening labor dependency. This could result in higher wages as the demand for labor rises, thereby increasing overall salary standards across sectors without causing inflation to spiral out of control.

Moreover, to ensure the smooth integration of UBI, it might be prudent to gradually phase it in, beginning at a modest level and incrementally increasing it over time. This progression would help stabilize the economy and allow for responsive policy adjustments as inflation concerns evolve.