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A comment on I need to explain to you just how dire America's Pokémon card crisis is. Parent comment

Re:I need to explain to you just how dire America's Pokémon ... by lumost on Saturday May 01, 2021 @02:23PM (#27008532)
Minimum wages also provide a price floor on labor. If I make 21 an hour managing a Starbucks, then I make 3x the minimum wage.

I’d suspect that the owner values labor in multiples of the minimum, if the minimum wage were cut in half I’d expect the managers rate to similarly fall.

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Re:I need to explain to you just how dire America's Pokémon ... by dragonwriter on Saturday May 01, 2021 @02:49PM (#27008752)
> I’d suspect that the owner values labor in multiples of the minimum

For low-bargaining power labor, having a progression from the minimum is probably a factor; OTOH, UBI eliminates the economic coercion that is a major contributor to low end labor having low bargaining power.

For labor what the combination of oversupply and economic coercion doesn't overwhelm normal market factors, competition among purchasers should result in wages @ the marginal value to the employer added.

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