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Another idea to solve income inequality: government subsidies

Published: Tuesday, March 25 2014 5:45 p.m. MDT

Protesters rally for better wages inside a Wendy's restaurant in Detroit in this Thursday, Dec. 5, 2013 file photo. Demonstrations planned in 100 cities are part of a push by labor unions, worker advocacy groups and Democrats to raise the federal minimum wage of $7.25.

Paul Sancya, Associated Press

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Minimum wage may not be the only answer to solve income inequality.

Edward Glaeser, a columnist for The Boston Globe, recently wrote that government subsidies — where the government would give money to companies that are hiring low-wage workers — might be the best solution to solving the problems for those making minimum wage.

“Raising the minimum wage isn’t necessarily wrongheaded,” Glaeser wrote. “But if we want a better way to reduce inequality and raise earnings for the least fortunate Americans, targeted tax credits and government subsidies are a more creative, fair, and effective course.”

Read the full article at bostonglobe.com.

Email: hscribner@deseretdigital.com

Twitter: @herbscribner

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