# of Words: 292
As free-market economists I'm not much into minimum wage legislation, in fact I'm rather against them. However as I watch what's going on in China right now, with the protests and strikes from the labor at the overseas production firms which are in their own country, I see that something has to be done. In China you are not permitted to go on strike at a Chinese company, and even though there are problems, they are not publicized because the Chinese government doesn't want that in their......Read More
The earned income tax credit targets poverty better than a minimum wage,. States Ben Gitis, a policy analyst at the American Action Forum. A low-income, working family receives a charge based on a fixed percentage of earnings. As earnings increase, the credit increases, reaching a maximum value that is dependent upon the number of children in the family. If a household's tax liability is smaller compared to their EITC, the household receives the full value of the EITC. The EITC developed in......Read More
Many feel they have "sufficient" insurance. Often sited is company provided insurance that provides coverage of up to 2-3 times your salary. Lots of men and women are shorted sited in this regard, not taking into account the requirement to maintain the lifestyle of household member once you are gone. The real benefit and purpose of life insurance would be as a commission replacement. In other words to replace the reduction of your wages or fiscal household contribution until children reach the......Read More
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