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Can't help but think there'd be pressure to lower the minimum wage with a UBI because "oh those people have enough money now, they can stand a lower wage" and w
by huehehue 9y ago
Can't help but think there'd be pressure to lower the minimum wage with a UBI because "oh those people have enough money now, they can stand a lower wage" and we end up back where we started with some money shuffled around.
- AnthonyMouse 9y agoA UBI would replace the minimum wage entirely. Obviously the question then becomes how much the UBI should be, but at least it gets us away from the folly of a minimum wage.
- michaelmrose 9y agoUnless ubi + new wages actually makes some poorer
- AnthonyMouse 9y agoBut they're just two free floating variables. You could set either of them to any amount of money. If the lowest natural wage paid without a minimum wage is $A then a UBI of $B will make everyone better off than any minimum wage less than or equal to $A + $B.
- deleted 9y ago[deleted]