>Right now, if you can only create $7/hr of economic value, no employer can legally employ you for a regular job in a way that's profitable for them.
Sure, but its just a shifting of costs. Either the employer pays them the extra $ or the government taxes everyone and makes up the difference. It comes out of the economy in either case.
I think UBI is a great idea, but so is minimum wage, and so is welfare, etc, etc. They're are all great ideas intended to help people in tough conditions.
Sure, but its just a shifting of costs. Either the employer pays them the extra $ or the government taxes everyone and makes up the difference. It comes out of the economy in either case.
I think UBI is a great idea, but so is minimum wage, and so is welfare, etc, etc. They're are all great ideas intended to help people in tough conditions.