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by thegp 3872 days ago
Erm, aren't you contradicting yourself? With minimum wage , it either has to be high enough that local workers are interested, people come and bring their own goods, so money gets removed.But that also happens with the higher minimum wages, since it is even more attractive. Just more competition. And if the minimum wage gets to low, you still have the "problem" of guest workers. Without a minimum wage, but with basic income, companies can now lower the wages such that they no longer are attractivene to people living here and only to the guest workers. However, they are also free to lower them to almost match the guest workers home country, if their primary form of labour comes from their. So the companies benefit, the country with BI benefit from increased consumption, social stability and more people taking risks like entrepreneurship and extended education and the only ones shafted are the guest workers. Which still sucks, from a solidarity point of view.