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The Social Venture Capital Foundation, Inc. (SVCF) |
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Helping new nonprofits build a better world for all
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- Art for a Child's Safe America - Austin Eastside Community Connection
SVCF 4200 Rosemary St. Chevy Chase, MD 20815 jeff.svcf@att.net |
Poverty
Solution: "Living Wage" Laws
"'Living wage' laws adopted by dozens of cities and counties in recent years, reduce overall poverty levels despite causing some job loss, according to a cautiously worded study from a conservative economist. David Neumark, a Michigan State University economist, is known for his opposition to minimum-wage hikes [and he] still is no fan of an increase in the minimum wage, which he maintains won't reduce poverty and could even exacerbate it. Living wage laws have the opposite effect, he said, because they are more targeted. Beneficiaries are more likely to adults heading poor households instead of those in middle-class homes. . . . His findings were released through the nonpartisan Public Policy Institute of California." See Week in Review: Top Stories-- March 10-15, "Survey: 'Living Wage" Laws Reduce Poverty," Los Angeles Times, March 17, 2002, C2.
For more information on Living Wage proposals and laws, see [more to come]
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