Re:Job loss predictions over rising minimum wages haven't co...
by BurningFrog on Tuesday November 26, 2019 @05:34PM
(#21643457)
> Because the way the American social safety net works, you often wind up losing more than $5/hour worth of benefits to get that $5/hour job.
Yeah, the marginal tax for the underclass is a huge problem!
If you lose $12/h in benefits by taking a $10/h job, most people won't take the job. Not because they're lazy, but because they're sensible rational people.
Yeah, the marginal tax for the underclass is a huge problem!
If you lose $12/h in benefits by taking a $10/h job, most people won't take the job. Not because they're lazy, but because they're sensible rational people.
That's a big poverty trap we've built.