The most damning aspect of Tuesday's CBO report on the minimum wage may not be its acknowledgment that raising the minimum wage is a highly inefficient way ... Read More
On Yahoo’s “Daily Ticker” Ed Conard argues raising the Earned Income Tax Credit (EITC) will help the working poor more than raising the minimum wage
... Read More
Part I: CBO Report Shows Increasing Minimum Wage Inefficient at Reducing Poverty
The CBO published a worrisome analysis of the minimum wage on Tuesday. The study estimates that, in the short run ... Read More
Mankiw explains why it’s illogical to raise the minimum wage rather than the earned income tax credit
Advocates for raising the minimum wage complain that the wage hasn’t kept pace with inflation. They intentionally overlook a logical shift in policy to the earn income tax credit (EITC), which supplements the wages of low income workers with cash. Greg Mankiw, shows that the minimum wage plus the EITC has kept up with inflation. He explains why raising the minimum wage, which taxes the people who produce minimum wage employment—the customers and employers of minimum ... Read More
