Ideally minimum wage should be coupled with higher taxes on the wealthy, a generous social safety net, a job guarantee fronted by the state, and a sovereign wealth fund which pays out a minimum basic income. This would eliminate shitty jobs no one wants to do and get rid of business models which depend on them, which is a net win for everyone.
No, as you can see by my posts, I'm a strong supporter of min wage, but there is no need for 'job guaranteed by the state' or 'UBI' - in fact, doing so would lead to economic collapse.
All of the UBI supporters need to do the math on it, it's 'extremely expensive'.
The 'economic collapse' part happens when 'not working' becomes normative, and socially acceptable - and be assured that it will.
The idea of 'working for a living' when you can just 'do whatever you want' is a bit glib. I suggest the only reason people would work, is to pay for that 'special thing' they want aka 'trip' or 'iphone'.
The ideological problem with UBI is the same as any broad social welfare program and that it doesn't reward material output. That is 'extremely bad'.
Finally - I do suggest that it may be possible to 'very simplistically means tested welfare' for people (to get rid of overhead) - and - to allow some of those people to have jobs so they don't get caught in that trap.
In fact, I suggest for people 65+ we'll need a program like this because they can still work, and frankly, working may be very good for their health, and they can do things that are 'extremely needed' right now, such as help to take care of the very elderly.
No one ever said anything about infinite money. The basic idea of socialism is that democracy should control some of the allocation of labor and that, because the functions of the nation state are necessary to the health of enterprises and because the fundamental purpose of society is the common good, the state has a right to some of the profits, which go beyond merely taking money from the wealthy.
Plenty of nation-states make different trade offs between productivity or growth or whatever and mitigating poverty. To act as if the particular style we have in America is the only possible thing that works is asinine.
