Asked by
Kelvin Mutugi
on Nov 16, 2024Verified
Critics argue that a disadvantage of minimum-wage laws is that they do not effectively target the working poor because many minimum-wage workers are the teenage children of middle-income families.
Minimum-wage Laws
Legislation that sets the lowest hourly rate of pay that an employer can legally pay their workers, intended to protect workers from unduly low pay.
Working Poor
Individuals who have employment but whose earnings are not sufficient to meet the poverty line or standard living costs.
- Examine different ideas and proposals aimed at redistributing income, which includes negative income taxes and the Earned Income Tax Credit.
Verified Answer
PS
Learning Objectives
- Examine different ideas and proposals aimed at redistributing income, which includes negative income taxes and the Earned Income Tax Credit.