3 ms·
> The solution isn't to raise minimum wage, it's to eliminate minimum wage and put in an equitable UBI/welfare system. It'll raise wages naturally, because if t
by astrange 2y ago
> The solution isn't to raise minimum wage, it's to eliminate minimum wage and put in an equitable UBI/welfare system. It'll raise wages naturally, because if they have a decent safety net, most people will feel comfortable quitting / not accepting an unjustly low salary.
This is not an accurate description of the empirical evidence for either minimum wage or UBI.
The evidence is that minimum wages do not reduce employment up to 60% of local median wage and can increase employment - so there's no reason to get rid of it. And UBI doesn't have much effect in either direction - so it's not really that important and the main reason to do it is that it's much simpler than welfare alternatives.
Anyway, UBI isn't an alternative to minimum wage because the point of UBI and other welfare systems is to support non-workers, namely children and the elderly.