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> This seems like another argument for Basic Income. Or another argument against minimum wage. Minimum wage gets increased as cost-of-living goes up (albeit wi
by Jayschwa 13y ago
> This seems like another argument for Basic Income.
Or another argument against minimum wage. Minimum wage gets increased as cost-of-living goes up (albeit with a large lag). That's good if you're the household bread-winner trying to live off a minimum wage job. It's bad if you're a kid looking for some spending money. Damned if you do, damned if you don't.
- dllthomas 13y ago> > This seems like another argument for Basic Income. > Or another argument against minimum wage. How about both?
- MartinCron 13y agoAbsolutely, BI would make minimum wage obsolete, allowing for a much more flexible labor market without people on the edge of starvation.