/biz/ - Business & Finance

A universal minimum income would force employers to pay fair wages for voluntary labor.

The global capitalist system, as is, uses the coercive economics to subsidize companies by allowing them to pay less than the fair wage for free labor.

Because people HAVE to work, companies can reduce wages to near-poverty levels. Their incentive is to exploit this property of wageslavery in an economy of coercion, hence they support immigration, union-busting, gerrymandering, lobbying, etc.

Because work is essentially coercion and not free labor, the economy steadily creates jobs (your countrymen) don't want to do, at wages below the cost of free labor.

Imagine an economy where no one had to work a job if they didn't want to- getting a small subsidy sufficient for basic life-support. In this economy no one would work a job they didn't want. A programmer could work on his passion project. Moms could stay at home with their kids. Etc....

Meanwhile companies would have to compete for free labor. People would still work at McDonalds and other jobs just because they would want more than an absolute minimum.

Instead, opponents of MBI (minimum basic income) will tell you it won't work. That the economy would collapse. Etc, etc., as the economy chugs along, destroying human creative capital and debasing civic ethics as well as the environment. In reality the MBI will be far less capital intensive and close the rich subsidy loophole.

Not to be confused with UBI, the MBI is not a subsidy to the already wealthy. It is a true social safety net and transformative device for leaving behind the economic amorality of the 2nd millennium.