Working for Families tax credits favour those in work, yet discourage them from working or earning more. But there is a cost-effective way to improve the system for those on welfare and low incomes.
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Both major parties are promising to increase payments for families ‘in work’. But the changes will only entrench the problems already faced by beneficiaries and the working poor.
Poverty reduction targets have largely failed to account for the pandemic or the cost of living crisis. This week’s budget seems unlikely to change that.
Opinion and evidence differ on minimum wage policies, but one thing seems clear – they need to be better integrated within a wider economic support strategy.
Kontributor teratas
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Honorary Associate Professor, Economic Policy Centre, Auckland Business School, University of Auckland, Waipapa Taumata Rau
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Director of the Roy McKenzie Centre for the Study of Families and Children, Te Herenga Waka — Victoria University of Wellington
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Senior Lecturer in Economics, University of Otago
