2min chapter

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Why Does the Richest Country in the World Have So Many Poor Kids? (Ep. 475 Update)

Freakonomics Radio

CHAPTER

Do High Housing Costs Affect Child Poverty?

Housing benefits have always been capped terms of the funding. What happens if then you were able to invoke, let's say, a thousand dollar a month housing credit for all families under a certain level of income? We know that it does put upward pressure on rents. If the inincome tax credit subsidizes a lot of people to go into work, is part of that increase in labor supply captured by employers in terms of lower wages? So the solution there is why you need to have a better wage floor.

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