Another idea to solve income inequality: government subsidies
Paul Sancya, Associated Press
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.”
- The new face of extreme poverty in America
- Renovation Solutions: What to consider when...
- How innovators think, and what they do about it
- Should grads be allowed to declare bankruptcy...
- Are you as connected as Kevin Bacon and does...
- My view: Utah should not raise minimum wage
- 11 guaranteed steps to cut family spending
- Peter Huntsman named head of family...