Monthly Archives: June 2014

Why Universal Basic Income is the Solution to the Minimum Wage

There’s been a lot of talk about raising the minimum wage here in the US, recently. I was on the side of raising it, and then I read some arguments and now I’m not so sure that it’s the solution. Many people claim that it’d cause inflation and we’d be right back where we started. I’m no economist so I’m not sure how true that is, but I could see it at least being somewhat of a problem. You also can’t just raise it up from $8 to $15 or whatever all at once. And what about the people who make above minimum? Will their wages rise too?
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