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It's more importantly an alternative to the minimum wage to reduce unemployment. The classic example is if you can only add $10 value/hour in an area where the
by fidotron 3y ago
It's more importantly an alternative to the minimum wage to reduce unemployment.
The classic example is if you can only add $10 value/hour in an area where the minimum wage is $20/hour you will go unemployed. If there is a UBI instead then you receive the UBI plus whatever you are paid in accordance with the value added.
This also means you wouldn't need endless arguments over adjustments to a minimum wage.
You are dead right about poverty-pimps - they are the true parasites in all this.