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Young parents in Baltimore are getting $1,000 a month, no strings attached, a deal so good some 'thought it was a scam'
(www.businessinsider.com)
this post was submitted on 08 Nov 2023
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My only worry about unintended consequences is that if this becomes a broader program (say, everybody gets $1000/mo, not just families that meet aome.kind of criteria), then prices for basic goods like rents will go up (i could see rents going up exactly $1000). Otherwise who could argue how well this kind of cash supplement works?
They gave the exact same reason for why they didn't want to raise minimum wage, and then rents went up anyways. I don't buy it...
Imagine a system where prices didn't magically skyrocket every time the poor catch a break
Yeah that is a concern, however it's one that people studying these systems are well aware of and looking to account for.
I see this same argument peddled around for a lot of different things and it's absolute horse shit. We do nothing to improve society for our citizens because of bullshit misinformation like that and yet? PRICES OF EVERYTHING CONTINUE TO RISE!
I think it's important to acknowledge that there's a big difference between an individual expressing a concern about something in an online conversation, and a specific lobby making an official argument. I don't think OP was making an argument. They seem to just be expressing a concern. It's a valid concern. That doesn't mean it's accurate, or founded in facts or research, it's just a fear.
It depends on the good or service in question. Price elasticity is a pretty well studied field.