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What do we do with individuals whose economic output in general is not worth the new higher minimum wage? Maybe similar to people with Down Syndrome, we have a
by CincinnatiMan 5y ago
What do we do with individuals whose economic output in general is not worth the new higher minimum wage? Maybe similar to people with Down Syndrome, we have a special, lower minimum wage for them? Genuinely unsure.
- mentalpiracy 5y agoMaybe just take care of them because in the grand scheme of things, the actual support cost would be a minuscule fraction of current spending, and, as an accidental byproduct, we’d do some actual unmitigated good in the world.
- lostmsu 5y agoI would not call supporting people unwilling to do any work "unmitigated good".
- pashamur 5y agoNo, we simply change the game. Why is their labor not worth the new minimum wage? Is it outsourcing? Foreign tariffs or import controls. Is it robots/automation? Tax robot productivity and provide a general UBI with the output. Why is the livable wage so high - is the problem affordable housing? How about we provide guaranteed government backed housing loans directly through a federal agency (no intermediation), and force the rate on secondary mortgages and investment mortgages up significantly making investing in real estate less appealing? The market is already not a free one - we know this ever since the FED started bailing out corporations in the 80s. If we are already moving towards a centrally planned system, why not drop the façade and at least do it in a way that benefits the underclass as opposed to the bankers.