Some economists look at basic income as a theoretically superior alternative to minimum wage, i.e. with a basic income you would not need a minimum wage at all. I think the idea is that the supply of labor exceeds the demand, which necessitates a minimum wage. The basic income solves this by reducing the supply of labor. This post (and parent thread) talks about it a bit more: https://news.ycombinator.com/item?id=5657604
