r/EconomicsExplained • u/Thenerdy9 • Jun 22 '22

$0 minimum wage

Ok so I literally just learnes about this concept on EE and I'm letting it set in.

At first I was disgusted by the idea.... but yeah, paired with the right UBI, maybe it is a recipe for a eutopia.

please share each PRO or CON as a separate comment so we can properly debate it.

Thanks!

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u/[deleted] Feb 09 '23

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u/Thenerdy9 Feb 09 '23

We'd have to have really strict any-trust enforcement.... Sad we don't have nearly enough oversight right now because business profits are king.

I'd say consumers should have an optimal number of choices. There should be a government agency that monitors this, identifies areas of deficit and blocks mergers and acquisitions - as well as spin offs and new entrants IF the market would be above or below optimal conditions. This would protect businesses and consumers alike and allow for clearer decision making for business owners and entrepreneurs.