Re:Uber will charge significantly more per trip as new Seatt...
by dragonwriter on Wednesday December 30, 2020 @11:31PM
(#25589620)
> The businesses are being subsidized by the taxpayer.
The other way around with means-tested welfare, since the taxpayers would pay more if the worker was not employed.
> All setting a minimum wage at a subsistence pay does is stop the companies from mooching off the taxpayer.
No, it stops the business, the customers it would have, the would-be employee, and the taxpayer from benefiting from the mutually-beneficial exchange that would otherwise take place.
To the extent there is an abuse prevented, it's that it is limiting the ability of employers to exploit the inherent power imbalance of capitalism to suppress wages for jobs with worth above the minimum wage to below it. But basic income provides a more robust solution to that problem without also prohibiting work at any wage.
The other way around with means-tested welfare, since the taxpayers would pay more if the worker was not employed.
> All setting a minimum wage at a subsistence pay does is stop the companies from mooching off the taxpayer.
No, it stops the business, the customers it would have, the would-be employee, and the taxpayer from benefiting from the mutually-beneficial exchange that would otherwise take place.
To the extent there is an abuse prevented, it's that it is limiting the ability of employers to exploit the inherent power imbalance of capitalism to suppress wages for jobs with worth above the minimum wage to below it. But basic income provides a more robust solution to that problem without also prohibiting work at any wage.