Why only $15 an hour?

M3t4tr0n said:
@Lead

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I've listened to these things before, especially from NPR. I fail to understand why they find it so amusing compared to my previous post. It's like the bitcoin of liberals. It's fun to talk about the idea but in practice, it isn't as useful as what is in place.
 
Lead said:
Wouldn't it make more sense to expand the safety net rather than giving it to every individual? After all, the majority of the income that's being distributed is coming from the payroll tax. Corporate taxes do not make up a large portion of revenue. In comparison to the system we have, UBI would actually be a regressive idea when it comes to income distribution.

I agree we need adjustments possibly. Currently, the earned income tax credit is the closest thing we have to this and it is still useful. I get we could get to a point where there is a massive shortage of demand for labor but I just don't think we are there yet. We've just managed to allow the average person to begin working later in life due to schooling and retire decades before their death due to life expectancy rising. This isn't a bad thing and is actually another example of where you have targeted distribution (Social Security) rather than just giving it to everyone.
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It wouldn't make sense for people who make over a certain amount to receive it when they don't need it. Also I think it's going to be a while before all or most of these jobs go away. I think it's just being tested out as an alternative for now.
 
Lead said:
I've listened to these things before, especially from NPR. I fail to understand why they find it so amusing compared to my previous post. It's like the bitcoin of liberals. It's fun to talk about the idea but in practice, it isn't as useful as what is in place.
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I tried to link you the article but the audio shows up instead weird.
 
Bald1 said:
I hear UBI being brought up more and more. I haven't thought it through, nor is economics anywhere near my wheelhouse, but I find it fascinating. Not sure what the solution to automation, a growing population and fewer entry-level jobs is, but it's time to start thinking about one.
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It's definitely time to think about it. The futures coming faster and faster.
 
The idea behind the minimum wage increase is that inflation is far out pacing wages and that a wage increase is needed to help even the playing field between wages and inflation. It isn't that simple but that's is basic thought behind it.
 
71Fish said:
That seems low to me. Why not $20 or $25? Think about it, if your owned a small business would you rather pay an unskilled, uneducated, possibly illegal alien $15 or pay a college educated American $20? We can actually price unskilled illegal workers out of the market and employ Americans. Win-win.
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I'd pay less for a modern college educated person than I would an undocumented worker.
 
M3t4tr0n said:
It wouldn't make sense for people who make over a certain amount to receive it when they don't need it. Also I think it's going to be a while before all or most of these jobs go away. I think it's just being tested out as an alternative for now.
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Well as soon as we have a floor on it, I don't think it's really UBI. If that is what the platform contains, I would say this already is happening more than you would think in our tax code alone, especially if you are a single parent. We have programs to fill the gaps for those who make less right now. The argument of it being higher or lower is understandable but UBI imo essentially is already part of system in the most sensible way it currently can be. Maybe a century or so from now this will be more likely but I'd also argue the automation of production keeps goods or services cheaper which means the safety net can stay lower for a person to get by. The government should want markets to make commodities cheap.
 
M3t4tr0n said:
It wouldn't make sense for people who make over a certain amount to receive it when they don't need it. Also I think it's going to be a while before all or most of these jobs go away. I think it's just being tested out as an alternative for now.
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Sounds like a path to communism tbh. Worker co-ops ftw.
 
M3t4tr0n said:
It's definitely time to think about it. The futures coming faster and faster.
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Agreed. We're doubling our knowledge at a faster rate due to the free exchange of ideas and information. Therefore change is also happening at a much faster rate on all fronts. It's not the world of our fathers, or hell, even of 25 years ago where things took time.
 
You guys are all aiming too low. Let's set the minimum wage to $100 an hour. We'll all be rich. Think about it.

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M3t4tr0n said:
Universal basic income is coming bros. It's already being tested in the US and in a couple other countries.
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If you thought Europe and the US had a migrant problem, wait till they implement that.
 
If UBI is ever implemented I hope it follows the Milton Friedman model of negative tax rate.
 
For those that want a simple argument for raising the minimum age........





The last time income inequality hit this level, we had the great depression.

This isn't a question of what job should be worth what. This is a question of what leads to economic collapse.
 
vespasian said:
If you thought Europe and the US had a migrant problem, wait till they implement that.
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Too bad you couldn't implement it across the world at once. We would need to push towards some kinda one world government for that...
 
VivaRevolution said:
For those that want a simple argument for raising the minimum age........





The last time income inequality hit this level, we had the great depression.

This isn't a question of what job should be worth what. This is a question of what leads to economic collapse.
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It's also just obvious. Like I said before, plenty of small businesses handle wages between 10-15 per hour just fine. It's really the fast food industry that's dragging ass on this, and they have the least amount of reasons to pay jack shit.
 
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