David Warsh argues that
solutions to help the working poor have little to do with the minimum wage. What is needed
is some combination of education and training reforms... [and] of various forms of financial support to individuals known as the "negative income tax" and exemplified by the child tax credit; and various subsidies to employers designed to increase the rewards to work -- the enhanced-wage jobs offered to scholarship students by universities being a case in point.
And he points out how the income threshold necessary to qualify for the child credit will climb from $10,000 to $11,000, putting out of the reach of many poor people.
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