minimum wage is a crutch to keep the system largely the way it is and trickle some crumbs down to the lower classes to stay a revolt. instead, we need to realig

minimum wage is a crutch to keep the system largely the way it is and trickle some crumbs down to the lower classes to stay a revolt. instead, we need to realign incentives so that labor is on equal footing with capital (e.g., enforce transparency on the labor market). in addition, the tax and regulatory system should be overhauled to actively promote a broader distribution of capital to encourage creativity, wider risk-taking, resiliency, robustness, and fairness. we need to stop looking at simplistic crutches like the minimum wage (ubi too) as wins, as they further entrench systemic biases rather than alleviate them. don’t let moneyed interests buy us off in favor of these biases for pennies on the dollar.