The general effect of basic income and a living minimal wage is fairly similar, and not incompatible with each other (figuring out the 'right' mix between the two is an interesting problem, and I am surprised more work hasn't been done on it).
With a sufficient basic income, zero is a living wage, and forcing a higher needlessly prevents some instances of cooperation. As far as I am concerned, it remains an open question whether the ideal level of basic income, all things factored in, is "sufficient" to that end (and, for that matter, what that ideal level of basic income is).
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The general effect of basic income and a living minimal wage is fairly similar, and not incompatible with each other (figuring out the 'right' mix between the two is an interesting problem, and I am surprised more work hasn't been done on it).
With a sufficient basic income, zero is a living wage, and forcing a higher needlessly prevents some instances of cooperation. As far as I am concerned, it remains an open question whether the ideal level of basic income, all things factored in, is "sufficient" to that end (and, for that matter, what that ideal level of basic income is).
See my reply to derivagral explaining why they are not similar.