Of course it doesn't work. I never said it would, but for the ill informed, it does sound like a utopia.That doesn't work, or we'd be bitching about President Yang and the promise of free money to the vast number of college students and graduate couldn't float Warren.
This thread, primarily on minimum wage and somebody actually proposing $30 Bucks, does begs the question of, "What the hell are they teaching in economics, these days" and "Don't perspective politicians even read the newspaper, anymore"?
I did OK in econ back in the Keynesian days. I look at middle and lower class income mostly stagnant for the last 25-40 years, see the pandemic free money and jump in wages (for the first time this century) to coax people back into the job market, look at the sudden rise in inflation, and say, "Yep." "Figures."