2 ms·
Possibly, but I feel the welfare trap is more a coordination problem. It’s easy enough mathematically to say for every dollar earned someone is entitled to kee
by Retric 2y ago
Possibly, but I feel the welfare trap is more a coordination problem.
It’s easy enough mathematically to say for every dollar earned someone is entitled to keeps at least 40% of it or whatever arbitrary number is chosen. However when you have multiple means testing programs overlapping it’s easy for the combination to go so low as to become meaningless or worse negative. Especially with things like rent control or tuition.
Similarly, the welfare trap people makes lower annual pay jobs more appealing, which effectively subsidizes companies. I was looking at this as a means of patching over that issue, but yea fixing subsidies is a more direct solution.