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If society decides that people should have a minimum income/minimum quality of life, then the burden of providing that minimum should fall on society as a whole
by baron816 6y ago
If society decides that people should have a minimum income/minimum quality of life, then the burden of providing that minimum should fall on society as a whole. I don’t think it’s right (or efficient) to place that burden on a certain set of firms or industries that are providing jobs for low skilled workers. We would be much better off with a negative income tax plus universal health care.
- rjbwork 6y agoWe definitely would, but generally those who argue against a minimum wage also argue against that. Friedman withstanding in the case of the negative income tax.
- imtringued 6y agoI argue against minimum wages because people who like minimum wages don't like job guarantees. It's just hypocrisy. Why does everyone talk about the stupid minimum wage? It's just a number invented by government. It does nothing. A job guarantee works fine without minimum wages. Minimum wages don't work without a job guarantee so the minimum wage always loses.