Oct 10, 2012 12:00
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Comments 74
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£5,000 is £100/week, which isn't enough to cover housing for a lot of people. If you're going to retain some housing benefit, then that leaves less for the citizen's income. And if that drops much more then it's not actually enough to survive on.
I have a post half-written in my head about this kind of thing, I really need to finish writing it up.
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Not to mention people with disabilities.
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Okay, that's not entirely true. I read Hacker News purely for the comments, but that's got a higher quality of comments than pretty-much anywhere online, and even then lots of them are annoying.
I once likened reading the low-rated comments on Slashdot as like sticking your head into a bucket of squid. Reading the ones on most newspaper sites are like sticking it into a bucket of squid that died from diarrhoea a fortnight ago.
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If I recall correctly, I was sad that the xkcd parody of youtube comments on the moon landing were more articulate and less ridiculous than youtube comments on an ACTUAL video of the moon landing...
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The problem with abolishing minimum wage in connection with Citizen's Income is surely that it opens the entire experiment up to some pretty dramatic second-order effects that you won't be able to predict until we get there - like the effect of a sudden shift in wages across the entire nation on tax raised.
Plus, would the ensuing adjustment in wages actually end up with poorer people worse off?
(Citizen's Income is a hobbyhorse of mine - I'm in the "this is obviously better, do it already" camp - but I'd not thought of linking it to an abolished minimum wage.)
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What it should do is allow people to be employed for lower wages that are competitive elsewhere. If stuffing envelopes is only profitable at £1.50/hour, and you can find someone willing to work for that (on top of the citizen's income), then (a) you've avoided offshoring the work, (b) you've employed an extra person, (c) you're providing _more_ tax, and (d) you're reducing the slack labour pool, which should (theoretically) push wages _up_.
It should, really, be a win all round.
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I remember when there was no minimum wage, and we didn't all work for 3p/hour!
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