Quotulatiousness

May 25, 2015

Wage Subsidies

Filed under: Economics — Tags: , , , , — Nicholas @ 03:00

Published on 3 Feb 2015

What’s the difference between a wage subsidy and a minimum wage? What is the cost of a wage subsidy to taxpayers? We take a look at the earned income tax credit and how it affects low-skilled workers. We also discuss Nobel Prize-winning economist Edmund Phelps’ work on wage subsidies.

Related posts:

  1. Minimum wage and “living wage”
  2. Minimum-wage jobs becoming more likely to be replaced by robots
  3. Subsidies
  4. A real-life experiment – does a higher minimum wage cause job losses?
  5. QotD: Minimum wage and Social Darwinism

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