As a person hustling right now this summer, I am strongly against a minimum wage. If you raise the minimum wage beyond the productive value of someone's labor, employers simply can't afford to hire them. Let the market set wages & just work to make market transactions more
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I do agree that labor is not as flexible as simple models assume & I assume it would help people move if we had a universal basic income. However, I'd say many of the incentives to stay in a bad paying job are part of people' utility function & are fair game.
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I think tech offers a better solution here (e.g. Glassdoor) rather than the government coming in w/ a minimum wage, which primarily just restricts workers' options & clouds the information supposed to be contained in a price.
End of conversation
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You might be interested in the negative income tax Milton Friedman argued for. It’s better than setting price and wage controls, or having a mess of welfare programs with incentives that hurt the people they’re trying to help.
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And that could be the natural distribution of a land-value tax!
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*human psychology plays big role.
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