Okay, you are a proponent of basic income. There are pilot programs happening. We'll see how that works out. The perfect is the enemy of the good. Are the inef

Okay, you are a proponent of basic income. There are pilot programs happening. We'll see how that works out. The perfect is the enemy of the good. Are the inefficiencies you mentioned significant? I suggest you read the empirical studies section of the Wikipedia article. I think you can have an opinion but I don't think you can treat it as fact. Note: your example of the teenager seems ridiculous as people get paid under the table all the time. Edit: prices are always messed with. Inefficiencies are created and removed every day. A minimum wage is just a large union saying we want our share of the value we create. If you want to argue that they are messing with the efficiency of the economy or are shooting themselves in the foot then you should have damn good evidence.