Re: So... we should do the opposite...
"Basic income is an interesting idea"
you mean like COMMUNISM, right?
Every time the 'minimum wage' goes up, this is what happens: a) fewer people working in "those jobs" since employers can't afford it, b) every OTHER wage+expense goes up (inflation) to compensate, c) never-ending cycle.
If the "bare minimum" subsistence income is magically declared at "some value", then everyone earning 'that level' will ENDLESSLY WHINE for MORE.
A job is an exchange of "something of value" for work, presumed to be of the same (or higher) value as the "something of value" exchanged for it. Otherwise, it's a giveaway program.
If you want to see ECONOMIC COLLAPSE, then go ahead, DIVORCE the value of work from the amount that is paid, with "subsistence income". You'll see a whole boatload of lazy people laying on their couches collecting said income, NOT working because they really don't have to, and occasionally showing up as a paid protester or wikipedia re-re-editor or blog site "contributor".
Yeah we REALLY need THAT, don't we?
And don't forget - expenses will RISE to match the money pool available to pay them. And so "subsistence" won't be enough any more, and the hands will go OUT, with empty palms UP, expecting MORE. and MORE. and MORE.