These kinds of arguments that revolve around basic questions of fairness and square treatment-the gut understanding that people who work hard, who work honestly should not find it increasingly impossible to create and maintain family units on at least a basic level-are what resonate in the American psychological DNA, not talking about the abstract rights of man or the moral noblesse oblige to the downtrodden. It’s no accident that our elites want to change this so they can get a more neo-feudal friendly order.
How could the coronavirus be leveraged to this end, that of allowing those who want to work hard and to work honestly to support a family with dignity?
The Fed and Treasury have pledged as much monetary and fiscal stimulus as it takes to get through this crisis–a crisis that is going to be with us in one form or another for years. The conventional wisdom is that the dollar is unbreakable.
Assuming that to be true–I’m highly skeptical but almost no one agrees with me–there’s a bargain business interests, populists, and not especially ideological liberals might go for: A UBI for all American citizens in return for scrapping federal minimum wage laws, concurrent with a push for states to do the same. This would blowup the incentive for immigrant labor in the US. Make America the best place in the world for workers to work and companies to produce in.