3 ms·
universal basic income is not sustainable in the same way minimum wage was not sustainable, looking as how even $15/hr isn't enough to cover rent basically anyw
by LesZedCB 4y ago
universal basic income is not sustainable in the same way minimum wage was not sustainable, looking as how even $15/hr isn't enough to cover rent basically anywhere where they actually pay $15/hr.
- Kelamir 4y agoUniversal basic rent :)
- scotty79 4y ago> minimum wage was not sustainable I'm not sure what do you intend this word to mean. Minimum wage is sustained in many countries for many years. https://worldpopulationreview.com/country-rankings/minimum-wage-by-country https://worldpopulationreview.com/country-rankings/minimum-w... > looking as how even $15/hr isn't enough to cover rent basically anywhere where they actually pay $15/hr That's a bit different problem. What UBI could do is let people migrate away from very expensive places because they would no longer fear they'll become destitute if they risk not being able to get a job in cheaper place.
- zajio1am 4y agoMinimum wage is sustainable because it is usually set based on economic reality of each country to a value that affects just a small percentage of laborers.
- scotty79 4y agoIn Poland it's nearing 20% of laborers. In US statewide minimum wage of 15$ would be and improvement for 1/3 of the labor force.
- zajio1am 4y agoAccording to : https://ec.europa.eu/eurostat/statistics-explained/index.php?title=File:Proportion_of_employees_earning_less_than_105_%25_of_the_minimum_wage,_2018_(%25).png https://ec.europa.eu/eurostat/statistics-explained/index.php... It is about 12% in Poland (2018) and in most countries from the link it was less than 10%.
- scotty79 4y agoHowever it's not 2018 anymore. It's now almost 20% Thanks for the link though. I tried to find such chart and I failed. I guess there's no point of discussing what is and what isn't small.