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A lot of the necessary boring work could also be done by people who want additional disposable income. They just wouldn't be forced to work full time, instead o
by malandrew 13y ago
A lot of the necessary boring work could also be done by people who want additional disposable income. They just wouldn't be forced to work full time, instead opting to only work as many hours as is necessary to meet their disposable income needs.
On the other hand, I'm wondering what a minimum livable wage does pricewise and scarcity-wise for all goods and services that those on a minimum livable wage earn. There would probably be an upwards inflationary effect on the prices of those goods, countered by economies of scale. This would apply to pretty much all basic expenses except housing, which would largely only go up because you can't make more land in desirable places.
If there is a minimum livable wage, I would still imagine that opting to only use it and no other income would still force you to leave city centers where rent is too high to afford. You may still have to worry about losing your job, because the minimum livable wage wouldn't cover your rent or mortgage.
- DerpDerpDerp 13y ago> This would apply to pretty much all basic expenses except housing, which would largely only go up because you can't make more land in desirable places. You can build up, which most places don't do. What we'd see is fewer houses and more condos/apartments. > You may still have to worry about losing your job, because the minimum livable wage wouldn't cover your rent or mortgage. Yes, but it transitions the effects of this loss to "move somewhere else and have fewer luxuries" not "have no home and be unable to eat", which I think is an improvement.