Andrew Coyne, “Raising minimum wage won’t help end poverty but giving the poor more money will”

[Josh Martin]

Coyne’s article largely serves as a critique of raising the minimum wage as a policy to combat poverty.  Debates over how high the minimum wage ought to be seem arbitrary, and Coyne argues that those in poverty face employment issues from a lack of hours, not wages.  Coyne classifies raising the minimum wage as trying to do “social justice on the cheap” and instead calls for efforts to enact a minimum income.

Andrew Coyne, “Raising minimum wage won’t help end poverty but giving the poor more money will,” National Post, January 27, 2014.

The minimum wage is particularly ineffective at fighting poverty, partly because few people in poverty are employed at any wage, Andrew Coyne writes. (Leah Hennel/Postmedia News/Files)

The minimum wage is particularly ineffective at fighting poverty, partly because few people in poverty are employed at any wage, Andrew Coyne writes. (Leah Hennel/Postmedia News/Files)

L. Randall Wray, “Let’s Compare the Job Guarantee to the Alternatives, NOT Against Some Distant Utopian Vision”

[Josh Martin]

Wray’s article compares his job guarantee plan to the basic income guarantee (BIG).  Through his analysis, he finds that the job guarantee does a much better job at combating poverty than the BIG.

L. Randall Wray, “Let’s Compare the Job Guarantee to the Alternatives, NOT Against Some Distant Utopian Vision,” Economonitor, January 27, 2014.

L. Randall Wray is a Professor of Economics at the University of Missouri-Kansas City and Senior Scholar at the Levy Economics Institute of Bard College, NY.

L. Randall Wray is a Professor of Economics at the University of Missouri-Kansas City and Senior Scholar at the Levy Economics Institute of Bard College, NY.