As pointed out by orthonormal, Milton Friedman already came up with this decades ago. This is definitely an improvement over minimum wage laws, but has not been implemented because its primary improvement is over welfare programs, which are too entrenched to be replaced.
As pointed out by orthonormal, Milton Friedman already came up with this decades ago. This is definitely an improvement over minimum wage laws, but has not been implemented because its primary improvement is over welfare programs, which are too entrenched to be replaced.