Hacker News new | ask | show | jobs
by djschnei 2559 days ago
Wooosh. Yes, I am specifically speaking to the fact that declaring an arbitrary "minimum wage" does not effect the true minimum wage which is $0. By enforcing an arbitrary floor all you're doing is making it illegal for someone to work unless their output is more valuable than the floor. Good intentions, completely illogical.
1 comments

I respectfully disagree. The U.S. has safety nets for those in poverty (e.g., TANF, Medicaid, CHIP, SNAP, EITC, Supplemental Security Income, and housing assistance). Having the U.S. tax payer subsidize businesses unwilling to pay their workers living wages seems illogical to me. This is happening right now. Walmart, Amazon, and McDonalds, for example, all have huge numbers of employees dependent on welfare programs. Why is that logical, and how would dropping the already low minimum wage help this?

One solution gaining some attention is UBI. What are your thoughts on it?