[ihateloggingin]

They don't, actually.

"socially beneficial activities that are not compensated" -- doesn't apply equally well.

"most efficiently delivered through a direct cash transfer, rather than through a means-tested or other qualification-based process" -- doesn't apply equally well.

"no minimum wage would be necessary to reduce poverty" -- doesn't apply equally well.

"ensuring a life-long minimum earnings level for individuals" -- doesn't apply equally well.

"the economy itself will not be able to adapt in creating new labor opportunities" -- doesn't apply equally well.

Amazingly, that's each and every point. Not a single one applies equally well.