A Basic Income Is Smarter Than a Minimum Wage

Re:A Basic Income Is Smarter Than a Minimum Wage by gozur88 on Monday April 04, 2016 @04:12PM (#11425127)

Yes, and what that means in practice is instead of making a little bit of money, people whose labor is worth less than some arbitrary amount can't get work at all. You can't mandate a minimum wage, because the true minimum is always zero.

[ Parent | on HN ]

Re:A Basic Income Is Smarter Than a Minimum Wage by lisivka on Monday April 04, 2016 @04:24PM (#11425265)

Why we should care about these super low productivity jobs anyway?

[ Parent | on HN ]

Re:A Basic Income Is Smarter Than a Minimum Wage by gozur88 on Monday April 04, 2016 @04:28PM (#11425304)

Because there are people who depend on them. For spending money, if nothing else.

[ Parent | on HN ]

Re:A Basic Income Is Smarter Than a Minimum Wage by lisivka on Monday April 04, 2016 @06:32PM (#11426286)

They should depend on something more productive, so they will be able to sustain.

[ Parent | on HN ]

Re:A Basic Income Is Smarter Than a Minimum Wage by gozur88 on Monday April 04, 2016 @06:38PM (#11426315)

So in the mean time, let them eat cake?

[ Parent | on HN ]

Re:A Basic Income Is Smarter Than a Minimum Wage by lisivka on Monday April 04, 2016 @07:45PM (#11426692)

Let job owners to decide is their work worth the cake or not.

[ Parent | on HN ]