Minimum wages reduce employment of low-skilled workers, yet political support for minimum-wage increases is so strong that they seem inevitable. What to do? I have developed a proposal for a high-wage tax credit. The HWTC preserves the direct benefits of higher minimum wages—namely, higher wages for low-wage workers—while mitigating the harm.


For the full story, please visit https://www.wsj.com/articles/let-taxpayers-pay-the-minimum-wage-1534892582?mod=searchresults&page=1&pos=3.

 

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