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 best Black Friday deals of 2014
- Can a cash grocery budget save you money?
- 4 reasons why you shouldn't shop on Black Friday
- Why Utahns are some of the biggest spenders,...
- What women can do to prepare for retirement
- Adults expect to spend $720 on gifts, Here's...
- Americans mark Thanksgiving with parades, turkey
- 5 ways to talk about money with your family...
- Working on Thanksgiving Day? Here's why... 12
- Why Utahns are some of the biggest... 12
- In our opinion: Fear, intentions can... 7
- Immigration reform will boost the... 7
- Thanksgiving trumps Black Friday for deals 4
- What women can do to prepare for... 3
- Why Salt Lake City is one of the best... 2
- 5 ways to talk about money with your... 2