Minimum Wages as a Terrible Anti-Poverty Program, Part 2
The Unbroken Window has more along the lines I wrote about last week. It is all good, here is an excerpt:
MaCurdy found that less than 40% of wage increases [from a minimum wage hike] went to people earning less than twice the poverty line, and among that group, about third of them are trying to raise a family on the minimum wage. In other words, something like 1 in 8 people who do receive the minimum wage (and ignoring any potential adverse effects of it), are actually in what you might call the “targeted” group. 7 out of 8 people who receive minimum wage increases fall outside the targeted group.
tmitsss:
And we can't have people maintaing Park Service property for free
April 13, 2015, 10:51 amhttp://wtop.com/dc/2015/04/volleyball-players-claim-park-service-spikes-free-play/
bigmaq1980:
"7 out of 8 people who receive minimum wage increases fall outside the targeted group."
Great data point!
April 13, 2015, 3:39 pm