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Minimum wages will have to stay, particularly if job market is heavily skewed towards employer, to stop competition driving it to bottom.
by blackoil 9y ago
Minimum wages will have to stay, particularly if job market is heavily skewed towards employer, to stop competition driving it to bottom.
- uoaei 9y agoHow is the job market going to be skewed towards the employer? That statement needs some clarification. The way it seems to me, it would make sense that actually jobs would shift away from menial tasks (which will be replaced by automation eventually anyway) in favor of things that people actually consider a valuable use of time. You can't get people to do jobs they don't want to do if they don't have to do them. At least, not at a scale that leads to the situation you seem to be implying. If you had $2000 in your pocket every month why would you waste your time on a job that pays $9/hr? Maybe you'll find some people who take 5- or 10-hr/wk contracts so they have a little extra beer money, but it definitely would eliminate the need to submit yourself to the job market woes that currently plague the poor. People value their time with a money analogue, since this is a moneyed system we're living in, so you won't find many who will choose to earn less than what they can see themselves paying on a daily basis.
- gnaritas 9y agoThat makes no logical sense. UBI is a minimum wage, there's no need for another.