This opinion in the WSJ argues that expanding the earned income credit to childless workers would be a more effective way to reduce poverty than increasing the minimum wage.
Here are some good questions.
1. Describe the earned income tax credit. What are the advantages of the earned income tax credit of the minimum wage in raising incomes of the working poor?
2. What is the effect on the incentive to work of the earned income tax credit compared to payments for not working?
3. The opinion piece's author is research director of the Employment Policies Institute, which receives support from restaurants, foundations, and individuals. Would restaurants favor increases in the earned income tax credit? Why would restaurants oppose increases in the minimum wage?
2. What is the effect on the incentive to work of the earned income tax credit compared to payments for not working?
3. The opinion piece's author is research director of the Employment Policies Institute, which receives support from restaurants, foundations, and individuals. Would restaurants favor increases in the earned income tax credit? Why would restaurants oppose increases in the minimum wage?
4. Who "loses" if the earned income tax credit expands? Who "wins"?
5. Who "loses" if the minimum wage increases? Who "wins"?
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