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.”
- A solution to paying that medical bill you...
- Navy vet says the effects of this are like...
- Dave Ramsey says: Don't make comparisons when...
- Raising a kid will cost you $245,000 —...
- Restaurants experimenting with pay-in-advance...
- 7 benefits of taking vacation time
- Allow student loan bankruptcies, but hold...
- How depression threatens financial well-being
- Allow student loan bankruptcies,... 14
- Raising a kid will cost you $245,000... 10
- Food stamp use shows continued... 7
- Want to increase attraction in your... 7
- Why you should still pack a school... 7
- Balancing act: Readers dispute... 4
- A solution to paying that medical bill... 4
- Dave Ramsey says: Don't make... 4