Using Employer Tax Incentives To Raise Wages For Unskilled Workers

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  • 100,000 hours by employees who were paid $10/hour; $1,000,000
  • 24,000 hours by employees who were paid $14 hour; $336,000
  • 44,000 hours by employees who were paid $18/hour; $792,000
  • 40,000 hours by employees who were paid $22/hour; $880,000
  • Businesses themselves should, by default, pay wages that are high enough so that their full-time employees do not qualify for welfare
  • It’s a business’ job to pay the wages of its own employees, not the responsibility of the taxpayers.
  • The idea of the government subsidizing the costs of private businesses is contrary to how a capitalist, market economy is designed to work.
  • If you want the taxpayers to pay the entire additional cost of full-time workers’ being paid a living wage instead of their employers paying that cost, then it’s much simpler to create a scheme where the government just writes the employer a check every month equal to the difference between the hourly wage the company is paying and the living-wage rate so that the employee gets a partially government-subsidized paycheck at the living wage hourly rate.
  • Put more money into the pockets of the corporations’ shareholders and executives at the expense of the individual taxpayers,
  • Transfer wealth from the individual taxpayers to the corporations.

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David Grace

Graduate of Stanford University & U.C. Berkeley Law School. Author of 16 novels and over 400 Medium columns on Economics, Politics, Law, Humor & Satire.