Wage stagnation key source of poverty
Policies to address wages for workers at the lower end of the pay scale should be at the core of anti-poverty efforts in New York City, finds a new paper from the New York Federal Reserve.
Such efforts should include indexing the minimum wage to the annual rise in the cost of living.
The stagnation of wages at the low end of the earnings distribution and a rising share of the city's population in poverty-prone groups largely explains the stable but stubbornly high poverty rate between 1979 and
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