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Workers' low wages could be subsidized by the government, philanthropy, and/or the hiring organizations

By Hicbd
Tue Mar 26 2019 3:19 pm

"An ideal policy would look to workers like an increased minimum wage (more pay for every hour worked) but to the labor market and broader society like an expanded EITC (a government subsidy to support the low-income worker)...A wage subsidy adds dollars-per-hour to the worker's wage, on a sliding scale that pays the highest subsidy for the lowest wage and phases out to no subsidy as the wage increases."

URL:
https://www.usnews.com/opinion/economic-intelligence/2015/08/19/wage-subsidies-are-better-than-raising-the-minimum-wage
https://www.washingtonpost.com/posteverything/wp/2015/04/15/we-are-spending-153-billion-a-year-to-subsidize-mcdonalds-and-walmarts-low-wage-workers/

URL Credit

Categories:
Global Poverty Global Asset Building / Financial Inclusion Earned Income Tax Credit (EITC) U.S. Minimum Wage Labor Wages / Compensation U.S. Poverty Philanthropy Corporate Social Responsibility (CSR) / Sustainability / Impact

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