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I think everyone agrees that when UBI is introduced the minimum wage should be removed. Hopefully this will allow everyone to do a job that produces a little bi
by OscarCunningham 10y ago
I think everyone agrees that when UBI is introduced the minimum wage should be removed. Hopefully this will allow everyone to do a job that produces a little bit of value to the world.
- distances 10y ago> I think everyone agrees that when UBI is introduced the minimum wage should be removed. Everyone does not agree! Dropping minimum wages would mean UBI becomes a wage subsidy for employers.
- pm90 10y agoDo you really think people are stupid enough to work menial jobs for little money when they can sustain themselves on an alternate source of income? Employers would have to increase their wages/benefits to a point where people would want to work.
- distances 10y agoThis has already happened with the UBI tryout in Finland. You'll get a basic income but will want to improve on that. Employers have suggested lower salaries for persons they know are participating for, you know, "since you have this additional income anyway". At least in this one case the employee didn't accept the lower offer, thankfully.
- OscarCunningham 10y agoI guess you can look at it that way. But the point is that we want to produce employment. So yeah, subsidise away.
- jimnotgym 10y agoI think this is one of the most interesting areas for debate. Presumably if UBI was high enough employers would have to set wages high enough to get people to do them. If all of my basic costs were met, I could motivate myself to work 40 hours cleaning offices to pay for a holiday, but I'm not sure I would do it if all I could buy was a couple of beers. I'm not sure about this one, but maybe cutting minimum wage is how you sell it to business?
- OscarCunningham 10y agoBut might you not work just for the satisfaction of producing something of value to the world?