It’s worth pointing out that a couple countries have that sort of social security and still have a minimum wage, and they seem to do just fine. (Australia, I believe UK too?)
It’s also very worth watching the politics that go in to that—a mathematically ideal policy is useless if you can’t get people to accept it. Proving that it’s mathematically ideal is very rarely compelling, either.
It’s worth pointing out that a couple countries have that sort of social security and still have a minimum wage, and they seem to do just fine. (Australia, I believe UK too?)
It’s also very worth watching the politics that go in to that—a mathematically ideal policy is useless if you can’t get people to accept it. Proving that it’s mathematically ideal is very rarely compelling, either.