Thesis 57

There is no need to set a minimum wage. With the basic security, even start-ups can push ahead with their ideas and start-up companies without having to fear that they will starve to death tomorrow if the idea cannot be turned into an economic success and nobody provides risk capital.

At the same time, every employer knows they can no longer encourage employees to work if they do not pay salaries above the basic level. The market regulates the rest.