News for hackers. Stuff that matters.

A comment on Impulsive Rich Kid, Impulsive Poor Kid. Parent comment

Re:Impulsive Rich Kid, Impulsive Poor Kid by eru on Saturday July 11, 2015 @07:42AM (#9869408)
How about basic income and abolishing any minimum wage? (And other barriers to low income employment.)
[ Parent | on HN ]
Re:Impulsive Rich Kid, Impulsive Poor Kid by pessimizer on Saturday July 11, 2015 @08:22AM (#9869488)
Basic income creates a de facto minimum wage by setting a wage for a complete lack of labor. I'd think any other minimum wage would be redundant.
[ Parent | on HN ]
Re:Impulsive Rich Kid, Impulsive Poor Kid by eru on Monday July 13, 2015 @05:40AM (#9877135)
A welfare system that abruptly stops paying out when you've got a job sets a de facto minimum wage.

A basic income doesn't prevent you from working for a small amount of money. (And people might even elect to do that, if the job has other good sides.)

[ Parent | on HN ]