Editing Minimum wage (section)

===Basic income===
{{main|Basic Income}}
A [[basic income]] (or [[negative income tax]] – NIT) is a system of [[social security]] that periodically provides each citizen with a sum of money that is sufficient to live on frugally. Supporters of the basic-income idea argue that recipients of the basic income would have considerably more bargaining power when negotiating a wage with an employer, as there would be no risk of destitution for not taking the employment. As a result, jobseekers could spend more time looking for a more appropriate or satisfying job, or they could wait until a higher-paying job appeared. Alternatively, they could spend more time increasing their skills (via education and training), which would make them more suitable for higher-paying jobs, as well as provide numerous other benefits. Experiments on Basic Income and NIT in Canada and the United States show that people spent more time studying while the program{{which|date=June 2019}} was running.<ref>
{{cite web
 |url= http://www.economonitor.com/dolanecon/2014/08/25/a-universal-basic-income-and-work-incentives-part-2-evidence/
 |title=A Universal Basic Income and Work Incentives. Part 2: Evidence
|first= Ed
 |last=Dolan 
 |date=25 August 2014
|archive-url= https://web.archive.org/web/20140923224115/http://www.economonitor.com/dolanecon/2014/08/25/a-universal-basic-income-and-work-incentives-part-2-evidence/
 |archive-date= 23 September 2014
}}
</ref>{{request quotation|date=June 2019}}

Proponents argue that a basic income that is based on a broad tax base would be more economically efficient than a minimum wage, as the minimum wage effectively imposes a high marginal tax on employers, causing [[deadweight loss|losses in efficiency]].{{citation needed|date=December 2013}}