A fair wage is what's average, expected, appropriate for the work you're doing. A low-skill job (like fast food) should pay less because the worker brings essentially no unique skills to the job; he isn't all that valuable to his employer since anyone could do his job. On the other hand, a person who has an investment in education, who has experience and/or leadership or management skills is more valuable to his employer -- he can demand a higher wage.Yeah, I'm not getting the point either. I think we all know that 150K is more than 75K -- even with a higher tax rate. What I don't see is why people who pay NO taxes should get a portion of someone else's taxes refunded to them.If you received a large raise last year, you're not the EIC target audience. The workers in question are those who are low-paid; FOR THEM making a little more money takes away their government benefit -- for people in this situation, it IS an incentive NOT to work.
So replace the words "college degree" with "job training".
Everyone isn't academic, but everyone needs SOME training beyond high school. Those who don't flourish in the classroom may do very well in beauty school, bricklaying class, etc. We teach some excellent vocational classes in our high school, and students can leave fully qualified to get an entry-level job in the electrical field, working as mechanics, as CNAs, etc. College isn't the only path to a better-than-minimum-wage job, but few people today will be really successful with ONLY high school under their belts.While I know plenty of people my age and older who've done quite well for themselves with just high school, I think it's becoming harder and harder. I'm thinking specifically about a friend of mine (without a degree) who works as an executive secretary (she probably makes more than I do with my degree). She tells her kids all the time, "Look, I am doing well for myself only because of the years I've put in. I can't leave and go somewhere else without a degree. And YOU in your generation wouldn't be able to get your foot in the door of my job without a degree. You need more than I have."
And she's dead right. A bachelor's degree may not be the right route for everyone, but few of our children's generation will go beyond an average paycheck without more than a high school diploma. I'm not negating your comment about work ethic -- that's absolutely true too -- but I don't think hard work in and of itself is "enough" anymore. I also am certain I could manage my SS money better than the government is doing. I think the very same thing about it as I think about EIC: I don't blame the individuals who are currently collecting SS payments -- they paid in, they deserve to get out -- but I do blame the government for creating an un-sustainable system. Keep in mind that our idea of "necessity" has vastly increased over the last couple decades.
For example, one of my grandmother's "family home" was a three-room house (note, I didn't say three bedroom house!). Her parents slept in the living room. They had a kitchen and a dining room, each dedicated to their respective tasks. The EIGHT kids slept in the attic, which was accessed though a ladder in the dining room. They were MIDDLE CLASS KIDS, kids of a farmer who owned several hundred acres. Several of them went on to two-year college. Incidentally, she was born in 1913 -- not quite 100 years ago.
Fast forward a generation. My father-in-law (and his two siblings) were raised in a two-bedroom house. One bedroom for the parents, one bedroom for the two boys and their sister.
Fast forward one more generation to my own family: We didn't have air conditioning. We kids all worked in the vegetable garden and canned produce. My mom traded kids hand-me-downs with our aunts. All our shorts were cut-off jeans. We had two pair of shoes at all times: One pair of dress shoes for church, one pair of tennis shoes. We shared bedrooms, but not with siblings of the opposite sex. We ate out every few months.
So what's necessary? Where's the dividing point? The necessity line is surely not where it's set today: Cell phones for everyone middle-school aged and up, a personal car for everyone old enough to drive, etc. I'm sure some people genuinely NEED to incomes literally for food on the table, and others NEED the two incomes because of past debt, but MANY could afford to let go of one income IF they were willing to live like people did just one generation ago.