I haven't studied economics long enough to be an expert in the field, but doesn't a universal income drive inflation up?
It's basically the same as a minimum hourly wage that keeps going up to follow the inflation, it's always a catch up game and organization fighting for minimum hourly wage always say it's insufficient.
Not necessarily. Inflation is caused by several things, but mostly an increase in the money supply.
If a universal income is paid for with tax money, then the money supply stays the same and it shouldn't have much effect on inflation. If it's paid for by printing money, then yes, it will contribute to high inflation.
(very basic explanation, there are other factors that may cause inflation, but money supply is the big one)
It's basically the same as a minimum hourly wage that keeps going up to follow the inflation, it's always a catch up game and organization fighting for minimum hourly wage always say it's insufficient.
Maybe an economic alumni could enlighten me?