To celebrate the fifth anniversary of the last increase in the federal minimum wage and to call attention to the fact that the federal wage floor has not risen in five years, the US Department of Labor has declared July 24th to be a “Day of Action.” Coincidentally, a new book surveying the scholarly literature… Read more
And even if he is, given the numbers they’ve been posting, with enemies like that, who needs friends? Over at PostEverything.
A: Other institutions, public and private, step in–and while that has pluses and minuses, at the end of the day, it’s inefficient and unsustainable. Over at PostEverything.
Check it out. BTW, this is based on some recent work by the great and prolific economist Arin Dube, whose work is very much worth following.
I see where my CBPP colleague CC Huang has a nice post up summarizing one of the recommendations from a new Organisation for Economic Co-operation and Development’s (OECD) report on the US economy. The report touts the virtues of the EITC as a wage subsidy for low-income workers that both encourages work and reduces poverty. They… Read more