By Paul Boyce If wages for those at the bottom are high, you may naturally expect low poverty rates. No matter how you define it, higher wages would most logically relieve poverty levels. This is also the argument made by the Economic Policy Institute (EPI). An increase in the minimum wage may very well reduce poverty in the short-term. However, there will be adjustments. … [Read more...] about Why the Minimum Wage Can’t Solve the Poverty Problem
Poverty
Universal Basic Income Is Little More Than Smoke and Mirrors
By Max Gulker The U.S. government spends just shy of $1 trillion per year on aid to low-income Americans. This would be enough to give each of the estimated 40 million Americans living in poverty a check for over $20,000 per year. In two previous articles, I showed how the current failed system grew out of a snowballing bureaucracy and misguided paternalism from the left and … [Read more...] about Universal Basic Income Is Little More Than Smoke and Mirrors
How Top-Down Government Fails America’s Poor
By Max Gulker A well-functioning society should provide a safety net for its members struggling the most. The unavoidable role of luck in market outcomes, the variability of circumstances in which people are born, and the imperative simply to alleviate suffering all speak to this need. Our debate about safety nets and responses to poverty hinges on a fundamental fallacy — … [Read more...] about How Top-Down Government Fails America’s Poor
Minimum Wage Hikes Are Killing Jobs in California’s Poorest Communities, Study Says
By Tim Pearce California’s minimum wage increase has cost the state thousands of jobs worth of growth in the state’s booming restaurant industry, according to a recent study by the University of California Riverside. Delayed Effects California passed a bill in 2016 to bring the state’s minimum wage up to $15 an hour. For businesses with more than 25 employees, the state’s … [Read more...] about Minimum Wage Hikes Are Killing Jobs in California’s Poorest Communities, Study Says
How Big Government Politicians Cause the Inequality They Claim to Fight
By Daniel Kowalski With the 2020 presidential election on the horizon, there are currently over 15 serious Democratic contenders competing for the party’s nomination. Some candidates, like Andrew Yang, have detailed policy proposals they are consistent about. Others seem to keep maneuvering left with their positions in order to outflank their competitors, while a few seem … [Read more...] about How Big Government Politicians Cause the Inequality They Claim to Fight