If you don’t want to wade through all of the articles about a possible minimum wage increase, here is the primary argument in favor of such an increase. A modest minimum wage increase at this moment: will increase the wages of low-income workers, will not cause employers to lay off workers, will make other income… Continue reading Short summary: argument for minimum wage increase
Month: March 2013
The social wage
As I’ve mentioned before, I think the best way to tackle inequality and poverty is directly through cash programs. I am not opposed to programs that try to manipulate market wages in some way, unions and minimum wages for instance. But strategies focused on market wages are very messy and almost certainly inadequate to the… Continue reading The social wage