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I do not think it would help workers. What is more likely to play out is that assuming that when currently minimum pay for a hour is $10 and tax 0% then with n
by nojokes 6y ago
I do not think it would help workers.
What is more likely to play out is that assuming that when currently minimum pay for a hour is $10 and tax 0% then with negative tax X and no minimum the pay would become $10 / (1-X/100). The worker will get the same (hopefully) and the company will pay less.
- usefulcat 6y agoIt could also happen that more people decide not to bother with work, reducing the supply of labor and increasing the cost of labor (aka wages).
- zanny 6y agoGetting paid less is a fine outcome assuming the NIT fulfills its purpose of guaranteeing a minimum standard of living. It means the worker has voluntarily participated in selling their labor, even if its for a lower price than they would have made before, and they would always have the option to stop doing it and do something - anything - else. If the NIT is insufficient to provide the necessities of life than its institution failed in its primary objective, albeit I would still argue any NIT is better than none because it raises the poverty floor some amount above zero.