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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
The UK has the lowest-ever unemployment and the highest-ever minimum wage. Data monitoring back to 2000 show no link between the wage level and unemployment. The minimum wage has risen faster than inflation during that time period. The statistics indicate that the traditional economic idea that rising wage costs reduce the number of accessible jobs might not be accurate. LONDON - It's one of the oldest and debates in economics: Does increasing the minimum wage increase unemployment, by making it......Read More
"Raising minimum wage risky," the Lexington Herald-Leader tersely warned. "Raising minimum wage strikes low-skill workers," the Detroit News bluntly announced. "Even left-leaning economists say it is a gamble," Vox solemnly cautioned. We've been raising the minimum wage for 78 decades, and as a fresh study clearly reveals, 78 decades of minimum-wage lifts have generated zero evidence of the "Job-killing" consequences these headline writers want us to fear. In a first-of-its-kind report,......Read More
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