Another reason is that raising the minimum wage would give more pressure to business owners and result in higher prices fo...
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...ver 46 million Americans living in poverty, the issue is definitely one that needs to be solved or improved by the government. For example, in the presidential elections this year, much of the debate has been focused on minimum wage, and several policymakers are facing pressure to increase it to improve the problem of poverty. However, an increase in the minimum wage is not the right solution. It is important to ask how well the benefits are targeted to the poor and low-income families that the policy is intended to help. If the issue is to be addressed, it needs to be addressed in other ways, like the earned income tax credit (EITC) which is a benefit for citizens with low income. The EITC reduces the amount of tax low-income employees owe and may offer them a refund. Because the EITC targets low-income families much better, it seems far more effective to help them.
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