What the research says in the minimum wage debate
What the research says in the minimum wage debate
- April 28, 2014
- Research by David Neumark, economics Chancellor's Professor, is featured by 90.9 WBUR April 28, 2014
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From WBUR:
So you put that all together – younger workers, many of them childless, many in households
well above the poverty line – and the conclusion for economists like David Neumark
at the University of California, Irvine is pretty clear: “We know very well, and nobody
disagrees, that minimum wages do not target poor families well,” he told me in an
interview. Neumark says there’s a much better device for tackling poverty: the Earned
Income Tax Credit, or EITC. The credit is a direct payout to low-income families who
work. “It encourages work,” he said of the EITC. “The second [element] is, it targets
those benefits to poor families. You can’t get anything from the EITC if you’re a
high-income family.”
Full transcript unavailable. Audio link available at http://www.wbur.org/2014/04/28/minimum-wage-policy-shop.
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