Friday, January 31, 2014

This conservative billionaire wants to raise the minimum wage

"The whole thing is it’s not really a traditional ideological issue. What you have right now is a system of massive welfare spending, over $250 billion a year in social welfare programs going to the working poor. In other words, people have jobs but they cannot survive on their paychecks. And those payments really amount to subsidies to low-wage employers. It’s a classic case of where businesses manage to privatize the benefits of their workers—they get the work—and socialize the costs. They’ve shifted the costs over to taxpayer and the government. And that is not something that free market economists like. It’s a classic problem in any kind of economic system. So when you’re talking about a much higher minimum wage, which would automatically produce huge cuts in government social welfare spending, that’s the sort of thing that conservatives begin to like." In line with the Living Income Guaranteed Proposal: http://ift.tt/1a7P0c9 #livingwage #minimumwage #LIG #livingincome #basicincome #higherwages

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