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Income inequality in the United States. Thousands of Americans work for minimum wage and, yet, they do not fall below the poverty line. Australia, however, has a minimum wage that is almost 3 times out of the United States and, yet, has higher poverty rates. But that’s because really in the United States use different rules to calculate poverty. People like @R@ReCon2Recoveryse these numbers and say that the United States has less poverty than Australia. This is not true. #eq#equalityi#minimumwag
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Are minimum wages too high? Henry Curr, The Economist's economics editor, argues that high pay floors can have damaging economic consequences and that governments should pursue more effective policies to reduce poverty. Click the link to read how Mexico’s budget deficit has grown as the country has tripled its minimum wage. #economics #minimumwage #politics #budget #government #poverty #Europe #USA #America #Brazil #Mexico #UK
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