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How would one support innovation in socialism? (lemmy.blahaj.zone)

submitted 7 months ago by Smorty@lemmy.blahaj.zone to c/socialism@lemmy.ml

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I am genuinely interested how such a thing would be done. I understand that it wouldn't be as hard as with communism, but I can't think of any way to encourage companies to make better (genuinely better) products. I remember how my mother told me how in her days (she lived in the DDR) there wasn't really any reason to be better than another company, as they would all be payed equally.

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[–] GardenVarietyAnxiety@lemmy.world 0 points 7 months ago* (last edited 7 months ago)

This is just an idea I've been rolling around in my head...

Make sure every citizens basic needs are met, including but not limited to food, water, shelter, healthcare, etc, and abolish the minimum wage. Then you can truly pay what a job is worth.

There would obviously be a transitional period, and working conditions would have to change to keep people in "shitty" jobs. But I promise you, there are enough people out there who would earn $3 an hour to "flip burgers" if it wasn't under shitty conditions and the threat of homelessness.

Some people would have a natural drive to pursue money/careers, while others just want their basic needs met and enough money for art supplies.