4 ms·
This is backtracking a bit, but what are the goals of raising the minimum wage? The implied goal seems to be to help the poor, but as others have pointed out,
by holmak 14y ago
This is backtracking a bit, but what are the goals of raising the minimum wage?
The implied goal seems to be to help the poor, but as others have pointed out, other policies (EITC, guaranteed minimum income, negative income tax) are better suited to that goal. So, do proponents of the idea have a different (or additional) goal in mind? Do proponents believe that these other policies are not more effective solutions?
I would like to hear others' opinions on the answer to this question, especially if you support the raise.
- Nursie 14y agoThose other solutions involve the taxpayer footing the bill, why should we be subsidising employers?
- losvedir 14y agoConversely, why should employers be the ones responsible for providing a safety net to a nation's citizens?
- Nursie 14y agoIt's not really a safety net at that point, it's more along the lines of the true cost of the employee. I suppose it all depends on how you look at it :)
- holmak 14y agoThose alternatives are indeed all taxpayer funded, but not all act as a subsidy to employers. There was a paper contrasting EITC and guaranteed minimum income, and one of the notable differences is that EITC is a slight subsidy to employers, while GMI is actually the opposite. GMI creates (some) disincentive to work, requiring employers to pay more to attract the same employees.