> not just the enterprises that employ low/no skill labor or their consumers.
Why would any company ever employ anyone in the close-to-minimum-wage bracket? Amazon gets flack for employment, and Google gets none. Only one of those two has made room for any significant number of close-to-minimum-wage workers.
This is a massively perverse incentive that prioritises how rich people feel about themselves over how people without much actually live. IMHO, that's about as close to a working definition of evil as I can muster.
Semi-related: this is also why basic income will never work. Basic income will be seen, inevitably, as subsidising rich companies, which will lead to it being killed off.
Why would any company ever employ anyone in the close-to-minimum-wage bracket? Amazon gets flack for employment, and Google gets none. Only one of those two has made room for any significant number of close-to-minimum-wage workers.
This is a massively perverse incentive that prioritises how rich people feel about themselves over how people without much actually live. IMHO, that's about as close to a working definition of evil as I can muster.
Semi-related: this is also why basic income will never work. Basic income will be seen, inevitably, as subsidising rich companies, which will lead to it being killed off.