"They'll just raise prices if thy raise the minimum wage."

[Heywood]

If they are paid weekly or biweekly like anyone else, the money won't be considered a bonanza and they will spend it normally. The trick will be to make it enough to be viable without making it so much that it induces vast numbers of people to quit working.

Although the way automation is going, we need to start preparing for that: robots are on their way to replacing general labor, and there are no replacement jobs for that kind of work that I can see. We'll have to give tens of millions of people enough money to get by on at some point.

If you are rich and want to sit at home and smoke pot all day, you can do that. Automation can make everyone rich, but we need to have something like a negative income tax or guaranteed income to make that happen.