Universal Basic Income Is Superior to a $15 Minimum Wage (2019)
I agree UBI is better than a minimum wage, but it seems a Negative Income Tax as advocated for by Milton Friedman would be still better. It would have the desired effect of supporting the poor with guaranteed income (something minimum wage can’t do because of the labor shortage it creates, especially amongst low-skilled employees), but do so a lot more cost effectively than UBI since you wouldn’t be guaranteeing payments to people who don’t need them and would avoid any welfare trap created by existing welfare programs.