The thing is we want less stupid speculation and asset bubbles and yet the economy is running far below potential, with the "tight labor markets" right now just a glimpse of how it was before (and probably a fleeting one if the inflation class warriers have their way like in the 1970s). To fix both problems --- because we need to stop just making ourselves poorer and less coordinated with prudish neoliberalism --- we…
I'm still yet to understand how a lot of relatively poorly paid work that probably still needs to be done, gets done under UBI. UBI leads to people not doing particular jobs because sitting at home on UBI with less but enough money is preferable. Which means those jobs have to pay more, which leads to inflation which leads to UBI raising to keep up with inflation... repeat?
UBI removes the "or else clause". Which will fundamentally shift how we pay for work - instead of overvaluing rare skills, we will value willingness to do the work that needs to get done.
It doesn't necessarily lead to inflation because UBI doesn't automatically mean all jobs will pay more. There's a likelihood that many BS jobs will go away - i.e. nobody will want to be a bagging clerk in supermarkets, because you couldn't pay enough to make it worth people's effort without exceeding (vastly) the return that having bagging clerks produces.
You'll still have people cleaning sewage lines, because civilization literally rests on that. It'll be a well-paid job suddenly.
That's as intended, as far as I'm concerned.