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Re:Low unemployment isn’t worth much if the jobs barely pay by shkkmo on Sunday January 12, 2020 @11:44AM (#22027238)
Why does it make sense to force private industry to provide a UBI? A minimum wage job puts a floor on what can be paid and this fundementally distorts the labor market. If a job does not provide enough value to the employer to meet minimum wage it will not exist for very long. This rules out many types of work where the value is hard to capture and pushes all of that work into the domain of either being funded by government or non-profits. This also potentially prevents labor participation by certain categories of handicapped individuals who have the potential to provide value to society and experience satisfaction in their work but can't compete in a marketplace distorted by a minimum wage.

If anything, a UBI enables low-wage work, especially when that work provides satisfaction to the employed. It also can increase economic productivity because the labor market will be able to distribute labor more efficiently.

Re:Low unemployment isn’t worth much if the jobs barely pay by rexreed on Sunday January 12, 2020 @02:45PM (#22028708)
This brings up the interesting (to discuss) idea that if a UBI is implemented, there should no longer be a minimum wage as the UBI places a floor on income. In many ways the minimum wage doesn't offer benefit in an economy where the self-employed will participate out of their free will in income generation through service such as Uber, DoorDash, Etsy. Often those self-income sources generate less on a per-hour basis than minimum wage, however, since the income earner is free to stop and start at will the presence of a floor of hourly wage has no impact.
Re:Low unemployment isn’t worth much if the jobs barely pay by shkkmo on Monday January 13, 2020 @07:37AM (#22033875)
It seems like you could pair a gradual introduction of a UBI with a commensurate reduction in the minimum wage and slowly find the sweet spot for our current economy. It seems like this could be a good form of economic stimulus during downturns.