From the National Review:
The same seems to be true about the minimum wage. Today professor David Neumark, a professor of economics and director of the Center for Economics and Public Policy at the University of California, Irvine, has a great piece explaining how complaints about the decline in the real value of the minimum wage aren’t taking into consideration the fact that federal policy aimed at low-wage work and low-income families has rightly shifted “toward a generous earned-income tax credit, which is better focused on poor families.” That means that we’re relying less on the minimum wage than we did 20 years ago, but doesn’t mean that there’s a lower level of assistance to lower-income Americans. He writes:

For the full story, please visit http://www.nationalreview.com/corner/365938/minimum-wage-not-what-it-use....
 

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