Comment by WalterBright
20 days ago
> Good
It's not better to have people have no jobs and require 100% assistance.
> subsidy
Regardless of how you define terms, you'll being paying much more to help them when they are jobless.
> become like China
China has a largely state run economy, with the resulting problems.
> It's not better to have people have no jobs and require 100% assistance
It is actually. Former employees are free to learn new skills or do charity instead of being busy surviving a game they can’t win.
You are also subsidising an economically wasteful activity that cannot cover its own true costs - if fast food joint can’t pay a wage, it does not cover the negative externalities from extra traffic on the road, carbon emissions and people getting fat.
Business will be forced to innovate and invest in automation