The US economy moved from a capital goods basis to a #consumer goods basis a century ago. An #economy like that needs high incomes for all to ensure the consumption rates needed. Without a #MaximumWage and a high #GuaranteedMinimumIncome, the whole thing will inevitably collapse.
The Road Not Taken Is Guaranteed Minimum Income
https://blog.codinghorror.com/the-road-not-taken-is-guaranteed-minimum-income/
#HackerNews #GuaranteedMinimumIncome #RoadNotTaken #IncomeInequality #SocialSafetyNet #CodingHorror

