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How to better distribute income and how to deal with income inequality are definitely important topics, but that doesn't mean that all research on wealth distribution has to stop there.
something has has no way to avoid, it doesnt matter how good your accountant is....
So the Greeks etc. The same people that the Germans have been exporting their unemployment to for twenty years
Same as the Chinese have done with the USA - except with a fixed exchange rate.
You get the same within a country when the counteracting transfers are insufficient. London booms and Birmingham declines.
It does, however, not bring me any closer to understanding the "exporting unemployment" statement. I guess it is some kind of multi-step reasoning that is eluding me, or maybe it is an example of a control illusion? I don't know.
Yes, but only if it is guaranteed that their imports would depreciate similarly. Otherwise, say, Germany would devalue the Deutsche Mark but then run into the risk of importing produce from The Netherlands at a higher cost.
> It does, however, not bring me any closer to understanding the "exporting unemployment" statement.
The monetary policy after the 2008 crisis forced poor countries to cut public spending so that industrial economies could be bailed out. As a metaphor, the potentially unemployed factory worker from Germany was replaced an actual unemployed public service worker in Greece.
If it does why is there so much moaning about the dependency ratio?
The fundamental problem with UBI, like every other feel-good economic initiative, is that its proponents make poor assumptions about how the people who stand to benefit will behave — see all the predictions that the folks currently working in fast food or Walmart will magically turn into entrepreneurs or usher in a golden age of art if they simply had $1000 per month in cash. It’s noble to think the best of others, but they just kind of hand wave away the reality that there’s a non-trivial population that aspires to do nothing more than consume drugs and/or play video games for their entire lives. It’s not everyone obviously, but it’s enough to be a problem. Doubly so when you consider they could become a sizable voting bloc that will continue to vote for whoever promises to increase UBI.
When people dismiss UBI studies that last for just a few years and target a small slice of the population, it’s precisely because these long term negative effects take time and people to play out.