From Wall St. Cheat Sheet:
University of California Irvine economist David Neumark believes available data proves that a minimum wage increase is a poor tool to combat poverty. … The fact that the credit only helps families with children is key, in Newmark’s opinion. “There are different views across the political spectrum as to why adults are poor and whether providing poor adults with assistance reduces work effort and encourages dependence on government support. But no one views children as actively taking part in decisions that make them poor, and we know that living in poverty is associated with adverse outcomes for children.”

For the full story, please visit http://wallstcheatsheet.com/politics/voting-on-minimum-wage-this-fall-he....
 

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