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Practically, how would a minimum income even be feasible? There are ~250m adults in the country, and ~150m are employed. If all adults got a minimum salary of $
by NoPiece 14y ago
Practically, how would a minimum income even be feasible? There are ~250m adults in the country, and ~150m are employed. If all adults got a minimum salary of $25k, you'd have to tax every employed adult $40,000 to pay for it (in addition to the normal taxes that pay for government). It wouldn't be worth working, so you'd just drop out and collect the check, which would increase the burden on those still employed causing even more to drop out.
- gizmo686 14y agoTrue, so the minimum income would not be $25k. Consider that 23k is considered the poverty line for a family of 4. If currently employed people decide that it is no longer worth their time to work, then we still do not have a problem, because we have plenty of people who not only think it is worth their time to work, but do not currently have work. Surely one of them would be willing to take your job.
- NoPiece 14y agoWell what do you think the minimum income might be? The labor problem is much more complicated than: there are more people than want jobs than jobs available. The unemployment rate for people with bachelors degrees is now down to 3.7%. My leaving the labor force isn't going to help a high school drop out who use to manufacture furniture in North Carolina.
- justincormack 14y agoYou probably nationalise the robots and we all get dividends not salaries.