If those jobs are really absolutely vital, in a basic income regime they would be well paying enough to entice people to earn the extra disposable income.
Relative to goods with elastic demand, food prices will rise faster because we have to eat. Food prices are also sensitive to its input prices, which also have inelastic demand.
Precisely. There’d likely be a large wealth transfer back towards boring and less skilled jobs if we couldn’t rely on large numbers of people literally having no choice but to take any job they can get.
I struggle to understand how anyone could consider that a bad thing other than for completely selfish reasons.
