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Why minimum wage increases are a poor way to help the working poor
| Content Provider | Semantic Scholar |
|---|---|
| Author | Burkhauser, Richard V. |
| Copyright Year | 2014 |
| Abstract | Minimum wage increases are not a very effective mechanism for reducing poverty. They are not related to decreases in poverty rates. They can cost some low-income workers their jobs. And most minimum wage earners who gain from a higher minimum wage do not live in poor (or near-poor) families. A better tool for reducing poverty, and at lower cost, is the earned income tax credit. It is a much more targeted way to provide income to workers in poor families. It raises the wages of only workers in low-income families and rises with the number of dependent children in a family. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.econstor.eu/bitstream/10419/104981/1/788983458.pdf |
| Alternate Webpage(s) | http://ftp.iza.org/pp86.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
