Professor Mark J. Perry's Blog for Economics and Finance
Greg Mankiw argues that the minimum wage is a policy designed to help low-skilled workers—paid for by a tax on employing low-skilled workers. That sort of policy is rarely considered ideal by any economist, because of the economic fact that "if you tax something you get less of it."
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
1 Comments:
I work full time during the week and with no overtime I also work week-ends. My week-end job has tips and I get taxed big also. My week-end employer requires I write down on the back of my timecard what I made in tips everyday that I work. I am getting pressure from this employer that I am not writing down every single dollar. Rumors are flying that this employer is going to count our tips, have us show our tips, so they can verify what we are tipped. Can an employee search our pockets for an unannounced audit of our tips?
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