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is unfair because employers are already helping low-wage workers by giving them

ID: 1134513 • Letter: I

Question

is unfair because employers are already helping low-wage workers by giving them jobs. QUESTION 24 According to the article, "Help the Working Poor but Share the Burden," by Gregory Mankiw, the Earned Income Tax Credit (choose all that apply) raises the living standards of the working poor more reliably than the minimum wage because there is no danger of workers' hours being reduced as a result of their higher pay. is unfair because it forces taxpayers to subsidize employers who pay workers less than a living wage raises the living standards of the working poor without creating unemployment. is more fair than a minimum wage because it places the cost of subsidizing low-wage workers on all taxpayers rather than targeting employers QUESTION 25 h intn the actual effects of increases in the minimum wage has resulted in some conflicting results. However nf the claims below are well-founded and

Explanation / Answer

Articles talks about the taxing middle and higher income groups and subsidizing poor with collected money. Only low wage paying firms should not be held responsible for low economic standards of people. If selected business firms are taxed, then they would be shifting tax to customers in form of increased prices.

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