Proponents of a basic income or negative income tax argue, Ask an Expert

Economics

Proponents of a Basic Income (or Negative Income Tax) argue that it is a superior method of addressing income inequality than the Minimum Wage. First, briefly explain in what sense the Basic Income is less disruptive to labor markets than the Minimum Wage. Second, discuss how, in a parallel universe with NO minimum wage but a Basic Income of approximately 2/3 of minimum wage, the life o the 'working poor' would be different. Feel free to be creative.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92198700

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