Minimum wage vs. EITC
- December 10, 2013
- David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, is featured by Economics 21 December 10, 2013
From Economics 21:
Advocates for raising the minimum wage often claim the rate’s real value has fallen since it was first implemented. University of California, Irvine economics professor David Neumark, in the New York Times’ Economix blog, adds a new component to the debate by accounting for the earned-income tax credit (EITC)… Neumark suggests that proponents of raising the minimum wage narrowly focus on one aspect of federal poverty policy and neglect the benefits of others, such as the EITC. The minimum wage acts as a tax on businesses that employ low-wage workers, making it more difficult for unskilled laborers to find work.
For the full story, please visit http://www.economics21.org/commentary/minimum-wage-vs-eitc.
Related News Items
- Associations between sleep apnea risk and cardiovascular disease indicators among Chinese and Korean Americans
- Kiazolu and Painter receive Mellon Foundation/UC President's Postdoc support
- Iranian protesters are part of a worldwide fight for women's rights
- What is biphasic sleep and is it healthy for humans?
- China's demographic crisis looms over Xi Jinping's third term