Everyone would be better off if every person had enough money to live a normal and content life.

The general idea here is that if you were able to ensure that everyone had a guaranteed minimum wage, you wouldn't need to worry about the minimum wage, or welfare, or many other services. People would have a high amount of disposable income, so they would be able to live a more comfortable life, and they would also be more likely to spend their money, putting it into the economy. Additionally, it would be a lot easier for people to start a small business, because they would be able to comfortably invest a bit of their money without having to worry about not being able to buy food because of an unsuccessful investment.<br><br>This obviously isn't a perfect solution, because it would be very difficult to figure out exactly how everyone would be given the amount of money that they needed, and because it would cause a huge spike in inflation if it were to happen suddenly. Looking past that though, it seems like it would be beneficial for nearly everyone.<br><br>The exceptions, however, are what I am interested in. I don't know much about economics, so I'm not really aware of all the potential negative outcomes. Also, there are many potential problems that arise when discussing what a "normal" life means. Is it a life where you have enough money to be content? Where you can afford anything you need, and a few things you want? Where you can only afford the basics? How high should the minimum wage be? Is there anyone who would be made worse off in general by a minimum wage? I don't see how it would change the lives of the wealthy, but would it make it more difficult for them to get cheaper labor for things like mowing the lawn, or would they just be able to pay their current lawn-mower more?<br><br>The last thing I'll mention isn't really related to the philosophy of the minimum wage, but rather things that get in the way in the real world. There are a lot of people who see a minimum wage as communism or socialism, and refuse to support it because they hate those political systems. I don't think that the political system is relevant to the content of the idea, but I don't see many people talk about that philosophy in a non-political way.<br><br>Edit: I think that I need to clarify a few things. This idea is not that the government should give everyone enough money, it is that they should determine a minimum amount of money that a person should be able to make, and then adjust the minimum wage accordingly. So a secretary at a company would need to make at least the minimum wage, but so would someone who mows the lawn. So if someone had a job, they would make at least the minimum wage, and if they didn't have a job, it would be easy to find one because businesses would be able to pay anyone who offered to do it the minimum wage, without risking money. It's theoretically supposed to fix a lot of problems with access to money, but since I don't really know much about economics, I'm not sure how it would play out in the real world.