Frankfurt Professor Fred Brooks of Georgia State University shared with me a dense academic paper by Amanda Agan and Michael Makowsky, economics professors at the universities of Rutgers and Clemson respectively. The title of the paper was “Minimum Wage, EITC, and Criminal Recidivism,” which is not normally the kind of thing that comes into your …
Tag: EITC
The IRS Enables the Return of Refund Anticipation Loans
New Orleans Refund anticipation loans or RALs, as they were known, were one of the most predatory products on the market in their heyday targeted solely to low-and-moderate income workers who were most desperate for their tax returns. They were on the other side of the digital divide so less likely to file with the …
Public Subsidies of Low Wages
New Orleans The Berkeley Center for Labor Research and Education at the University of California has released a report looking at many federal and state subsidies directed at relief for lower income Americans. All good. What they found though is that a huge percentage of this kind of support is not in Republican ideological terms, …