• Flying Squid@lemmy.world
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      1 year ago

      I suppose, but is a minimum wage necessary if there's a UBI? If everyone's basic needs are taken care of, people don't need to be protected from low wages.

      • IndiBrony@lemmy.world
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        1 year ago

        Basic needs are fine, but I think an overwhelming majority of people would want more. They will want to go on holiday and go out for meals and drink.

        People will always strive for more. I believe the majority of people who don't want to work at all are likely already not working very much to begin with.

      • DearOldGrandma@lemmy.world
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        1 year ago

        Yes, because the incentive to work would not be as high if you can receive $30k/yr, but only $3/hr working food service. But, if they receive $30k/yr plus $20/hr (or whichever number is appropriate for COL in the province/area), then people are more likely to work - and do so productively. This then encourages economic growth through money changing hands and being taxed.

        Minimum wage is great for welfare, but economic well-being is not quite the only goal of minimum wage; it also serves to encourage people to join the workforce over alternatives, and to spur economic activity.