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by dragonwriter
1819 days ago
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> We should not be raising the federal MW and should instead prefer more localized measures, such as States, counties, cities, or individual industries developing their own policies. Why? Abstract concerns based on ideal market assumptions that (1) apply the same to more localized measures as to federal measures, and (2) haven't been born out by 83 years of experiencing having, expanding the applicability of, and raising the federal minimum wage? Yes, we should have more localized policies—and we do—but that's no reason not to raise the federal minimum wage to roughly keep pace with the lower of productivity and national price level. Now, sure, if you want to argue that despite the relatively benign experience of state and federal minimum wages, there's a good argument that providing a floor through something like UBI would have less risk of inhibiting employment, and do we should transition from minimim wage to UBI (say, reducing hourly minimum wages from the level thet would otherwise be set at by annual UBI ÷ $2000 as we ramp up a UBI over time), I’d agree that makes sense. |
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