The political right don’t want the Minimum Wage. Act have said this outright (It’s part of the irrational economic theory that they follow) and National, too scared to actually drop it or say that they want to, have always let it decrease in real terms.
What the political right forget is that the Minimum Wage is there for a good reason and that is that nothing can be supplied for less than cost. It costs about $100 per week to feed anybody, it’s about the same for housing and then there’s all the other expenses related to going to work such as transport. The Minimum Wage is set to cover these and without it, all else remaining the same, we would soon find wages decreasing below these costs effectively having people paying to go to work.
It is possible to remove the minimum wage though as not all else needs to remain the same. The Universal Income is income paid to everyone (Adult and child) directly from the government (by the government printing money) to cover these basic costs and with these covered the Minimum Wage can be removed.
A Universal Income has some advantages and disadvantages.
Now, a few people will exclaim that if people don’t need to work to get an income then they won’t but this was disproved during the early 2000s by the fact that unemployment dropped to ~3%. Most people want to work and are more than happy to do so. Those that don’t want to work make up only a very small percentage of the population and we can support them. Then there’s the fact that going to work under a Universal Income system will always make people better off rather than the present system where going to work (especially part time) can actually make people worse off due to the massive abatement rates applied (Directly through regulation and indirectly through costs) to the UB.
– Draco T Bastard