Why a higher minimum wage beats welfare payments

12/17/2013 | Bloomberg

(Justin Sullivan/Getty Images)

A study of welfare payments to the employed shows that fast-food workers are the biggest recipients of government handouts, with well over 4 in 10 workers receiving welfare payments. That's effectively a subsidy for the fast-food industry, and an argument in favor of higher minimum wages, writes Barry Ritholtz. "Raising the minimum wage to $11.33, the poverty level, effectively shifts the cost of eating greasy French fries and overcooked burgers from taxpayers to fast food consumers -- where they belong," Ritholtz writes.

View Full Article in:


Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
VP of Video Content Distribution
Calkins Media
Levittown, PA