3 ms·
Replacing minium wage with UBI is definitely a net good. Don't buy the "companies will start treating you humanely if only they could pay you less". Corporatio
by zanny 6y ago
Replacing minium wage with UBI is definitely a net good.
Don't buy the "companies will start treating you humanely if only they could pay you less". Corporations, particularly publicly traded ones, are in competition for profit. In most sectors exploiting your employees to the fullest presents a positive return on quarterlies no matter how much or little you pay them. Maximizing return on dollars committed is fundamental to growing revenues.
UBI helps improve worker condition by making the negotiation between labor and capital more equitable. So long as one person comes to the table for their needs and the other comes for their ones the former is always disadvantaged and ripe for exploitation.