public assistance
kkrisberg | October 29, 2014Raising the federal minimum wage isn’t only good for workers — it’s good for the federal budget as well, according to a new issue brief from the Economic Policy Institute.
Released earlier this month, the policy brief details just how many low-wage workers have to depend on public assistance programs to make ends meet and how increasing the minimum wage could save billions in federal spending — and those billions could be redirected toward creating stronger, more resilient anti-poverty programs. The brief reports that about half of all workers earning less than $10.10 per hour, the new…
kkrisberg | October 25, 2013Wages in the highly profitable fast food industry are so low that more than half of families of front-line fast food workers are enrolled in and depend on public assistance programs to make ends meet. In other words, that seemingly inexpensive burger and fries not only comes with a secret sauce, but a secret cost.
According to "Fast Food, Poverty Wages: The Public Cost of Low-Wage Jobs in the Fast Food Industry," which was released last week, the cost of such public assistance is nearly $7 billion every year, with Medicaid and Children's Health Insurance Program costs accounting for more than…