Summary and Conclusions
Summary and Conclusions
This chapter, which summarizes the main conclusions from the research discussed in the preceding chapters, offers some concluding thoughts, and discusses implications for public policy, argues that minimum wages fail to deliver on their goal of improving the lives of low-wage workers, low-skill individuals, and low-income families. A preferred alternative to minimum wages are policies that enable families to become economically self-sufficient—earning their way to an acceptable living standard.
Keywords: minimum wage, public policy, economic self-sufficiency
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