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If everyone's being paid $1000 per month more, you'd expect all jobs to pay less, and the profits from companies used to pay for it.
by mattmanser 9y ago
If everyone's being paid $1000 per month more, you'd expect all jobs to pay less, and the profits from companies used to pay for it.
- chrishacken 9y agoSo then essentially everyone would make the same they are now; thus resulting in little to no-change. When it's all said and done, having a $1000/m basic income would be little different than increasing the minimum wage by the same amount.
- colomon 9y agoThat's not even close to true, because increasing the minimum wage 1) only affects people who have jobs 2) will cause some of those people to lose their jobs. $1000/m basic income is a vastly better solution because everyone at the bottom will be helped.
- xena 9y agoExcept employers pay less, which would help make them stop complaining about wages costing too much.
- mattmanser 9y agoThere's nowhere near 100% employment. The whole point of this is to bring everyone up and make the social care system simpler.