Re:Raising Floor for Minimum Wage Pushes Economy into the Un...
by ashark on Monday July 27, 2015 @11:39AM
(#9955783)
1) An EITC fails to realize the efficiencies of consolidating or eliminating other forms of aid that basic income could.
2) The incentive to work under basic income is having more than barely enough money to scrape by. Wages will go up until this is a sufficient incentive. My money's on wages not having to rise much at all, if any, to achieve this. I wouldn't even be surprised if average compensation dropped a bit under basic income.
3) An EITC doesn't support entrepreneurship and small businesses the way basic income could.
2) The incentive to work under basic income is having more than barely enough money to scrape by. Wages will go up until this is a sufficient incentive. My money's on wages not having to rise much at all, if any, to achieve this. I wouldn't even be surprised if average compensation dropped a bit under basic income.
3) An EITC doesn't support entrepreneurship and small businesses the way basic income could.