Subsidized Wages > 15 Minimum Wage

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$15 Minimun wage will only result in mass job loss and basic income will result in hyperinflation, but there is another alternative.
>Government should scrap the welfare system for everyone and use those funds to incentives businesses to pay above the poverty line.
>It is simple. Employer pays a single person $2600 above the relative poverty line, that employer receives up to $2600 + $1200 tax deduction. This deduction is tied to the average food cost of a single person plus an incentive for the employer. A head of household with two or more children could receive up to $7000 tax deduction for the employer, plus a $1200 incentive.
>Additionally, an employee can request that up to 15% of his gross wages be transferred to his EBT Food card before taxes. This means more money into the employees pocket to pay for other expenses.
>Business who hire persons who has no employment history above the age of 21 will not be taxed for wages paid to the employee for first year of employment. However, the employee will be taxed per usual.
>Government will recoup some of the incentive expenses back from the defunct welfare system overhead and by revenues generated from adding new jobs.

This will put 10s of millions of Americans who have left the job market to live off gibs back into the job market. It will encourage the creation of new big and small businesses to tap these new workers.

Government should incentivize businesses to create jobs, not enforce minimum wages that kill jobs.