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The homeless are usually worse-off than people having a job, so by diminishing returns one should expect to be able to help more by spending on the homeless. In
by DominikPeters 8y ago
The homeless are usually worse-off than people having a job, so by diminishing returns one should expect to be able to help more by spending on the homeless. In addition, if worker pay is increased significantly above market rate, this will plausibly lead to things changing elsewhere to get closer to market clearing, such as via worse working conditions or additional automation or requiring Bachelor's degrees for pickers.
While we are being utilitarian, it seems clear that either option is far from optimal, and the money would better be spent on the global poor, or farm animals, or helping future generations.