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Study: California's $20 fast-food minimum wage improves pay at small cost to consumers (www.axios.com)

submitted 3 days ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 3 days ago (1 children)

You missed the UBI part of his statement I think. You don't need a minimum wage if people can survive without working.

If I could sit on my ass, or work for $0.02, I'm going to sit on my ass.

[–] [email protected] 1 points 2 days ago* (last edited 2 days ago) (1 children)

I didn't overlook it, just not part of the point I'm trying to make. If there would be a basic income and on top of that there is a 2ct hourly wage, everybody will be sitting on their ass. When people are financially 'rewarded' for their work they're more likely to give a damn, even if you'd have thousands of dollars basic income. In other words, having a legally set minimum wage is a good thing also with UBI.

Edit: my statement about underpayed prisoners prove this fact, except their basic income is basically 'spent' on food and housing (it's a bit of a stretch, but better rewards (/higher wages) increase motivation in this case as well). Also let me stress this before it becomes part of the argument, I totally agree on the it needing to be backed by science.

[–] [email protected] 4 points 2 days ago (1 children)

everybody will be sitting on their ass.

Exactly. Then what would happen to the companies?

[–] [email protected] 3 points 2 days ago

Exactly, that's when the free market dictates what a job really is worth