According to Saltsman, 60 percent of those living in poverty would see no benefit from a minimum-wage increase, and the majority of those working at minimum wage do not live in poor households. About 50 percent of minimum wage workers are between 16 and 24, Saltsman said, and many of those are not supporting families.
"This is not the most effective way to get benefits to the people you are trying to help," Saltsman said, arguing that an expanded earned income tax credit would be better policy.
“This is a common argument against the minimum wage,” said Tsedeye Gebreselassie, a staff attorney is the National Employment Law Project. "You need both," she said. "You need a strong wage floor to pay these workers, and you need a strong EITC that incentivizes work. It's not an either or."
- The disappearing 401(k) and inequality
- Driving forces: When buying a new car is...
- Utah unemployment rate hits five-year low
- High steaks: Beef prices mooove up
- Survey: Cost a growing factor in college...
- Dave Ramsey says: Don't waste your time,...
- Fraudsters using Ukraine crisis to get...
- Dwindling pensions still swindling funds from...
- The disappearing 401(k) and inequality 14
- Dwindling pensions still swindling... 12
- Dave Ramsey says: Don't waste your... 12
- Driving forces: When buying a new car... 8
- Utah unemployment rate hits five-year low 3
- High steaks: Beef prices mooove up 2
- Survey: Cost a growing factor in... 1
- Here are 5 clues to the health of US... 1