The easiest comparison is probably not with minimum wages but with welfare relief e.g. food stamps, which is not changed all that often. Anyway, our first experiments with UBI will probably see more frequent changes as we figure out whether the system can work in the long term, but hopefully we’ll end up just indexing it to the cost of basic necessities, adjusted for some measure of unskilled wages—after all, you don’t need UBI if The Donald manages to bring all manufacturing jobs back to America, and factory work becomes as plentiful and high-paying as in the 1950s and 1960s!
The easiest comparison is probably not with minimum wages but with welfare relief e.g. food stamps, which is not changed all that often. Anyway, our first experiments with UBI will probably see more frequent changes as we figure out whether the system can work in the long term, but hopefully we’ll end up just indexing it to the cost of basic necessities, adjusted for some measure of unskilled wages—after all, you don’t need UBI if The Donald manages to bring all manufacturing jobs back to America, and factory work becomes as plentiful and high-paying as in the 1950s and 1960s!