"It is common sense once you think about it. The widely-praised Earned Income Tax Credit, which is a paid by taxpayers, encourages more low-wage employers (a problem that minimum wages and unions can fix). Don't get me wrong, the EITC has great effects. It expands labor force participation and increases income to families. [...] The EITC helps working-poor mothers become economically engaged, and improves the life chances of their children by keeping them in school, enabling their families to access better food, and even increasing their vocabulary. But the crucial negative economic effects of the EITC are often overlooked. The EITC subsidizes low-wage employers, who are able to attract EITC-eligible workers at lower wages than they otherwise would have to pay. Some workers get a raise from the government via the EITC. But the workers who don’t qualify for the EITC end up with reduced wages. It is more and more likely that those workers are older workers (who mostly don’t have dependent children)."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Political authors from the United StatesWomen academics from the United StatesSocial criticsWomen activists from the United StatesEconomists from the United States
Original Language: English
Available Languages (1)
Sources
Imported from EN Wikiquote
https://en.wikiquote.org/wiki/Teresa_Ghilarducci
Revision History
No revisions have been submitted for this quote.
Categories
Teresa Ghilarducci
5 quotes on TrueQuotesView all quotes by Teresa Ghilarducci →
Related Quotes
"Democratic Socialist Bernie Sanders and billionaire are on the same page. They both point to the stark reality that A…"
"Standing against the chronic American problem of low-wage employers are three forces: embattled trade unions, too-slo…"
"Merely expanding the EITC will continue to subsidize low-wage employers and drive down market wages. Indeed, there is…"
"It bears repeating: since the EITC lowers wages and the current minimum wage is still a poverty wage for many familie…"
"One hundred years hence, what a change will be made, In politics, morals, religion and trade, In statesmen who wrangl…"
"Our laws then will be uncompulsory rules, Our prisons converted to national schools."
"Oppression and war will be heard of no more, Nor the blood of a slave leave his print on our shore, Conventions will …"
"Shatter her beauteous breast ye may; The Spirit of England none can slay! Dash the bomb on the dome of Paul's, — Deem…"
"Realistic observers of their northern province, the Spaniards always spoke of "The Californias"—Baja California and A…"
"Each person acts on the assumption that more money will bring more happiness; and, indeed, if he does get more money,…"