More precisely: purchasing power.
replyAnd that's my point.
Your purchasing power will not change.
If we worked fewer hours for the same pay, our purchasing power would remain the same. I'm not saying there won't be any disruption at all, but we did it before with the five-day work week.
replyIf "we" means everyone, yes. But the reality is there is a sufficient number of people willing to work more to earn more, and therefore they will raise prices of everything which destroys your purchasing power.
replyYour purchasing power is defined in a competitive equilibrium with your peers.
If you're assuming you can band everyone together to all decide to work fewer hours for the same pay, fine, but you just invented a union, not an improvement to UBI.