Comment Re: Structural Unemployment Death Spiral (Score 1) 193
>>[If] everyone just received $xx,000 a year. It just inflates the cost of rent, basic necessitates, and everything else.
Only if the supply of those things doesn't change. When more people can afford things, the economy will produce more of them. Henry Ford understood that the only way automobiles would be anything more than a toy for the rich was to pay his employees enough that they could afford to buy what they were building. More people with extra money = more demand = higher volume = lower cost.