Friday, March 1, 2019

further conjecture about Maryland state minimum wage, the passage of new law, and the adjustments we will be making in the imminent future

It's the working poor got a 50% raise, what would that do to the economy overall and why?

Short term?

Long term?

Should anyone be penalized or lose any benefits for earning more money, and if so which ones and why?

Common sense says if the state is going to take some of your benefits because you earn more, it would only be wise to do this if it would only cost less. One argument is that when people make more and lose assistance, then it costs more for the state to support them because they need assistance still even though they might lose it. The point being is that eventually somewhere in the end the money needs to show up because people have been living on deficiencies.

Does anybody know precisely what the state formula is for different types of benefits and where I can find these formulas?

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