1. The Economics of Poverty in Kentucky
First, even though I am more of a laissez fair capitalism form of market person, I believe that an increase in minimum wage by the state government would help the problem. ... Also, in the KET video, the idea of some people being one or two pay checks from being in poverty was brought up, so if they live on minimum wage, would that given them an increase in money security to prevent them from going under the poverty threshold should they miss a paycheck for some reason? The reason that I believe an increase in minimum wage would help, is because of the work incentives it provides. ... However,...
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- Grade Level: Undergraduate