Understanding Policies for Reducing Poverty | Microeconomics

Let's learn about common public policies designed to reduce poverty. We'll cover minimum wage (set at the city, state, or federal level), welfare transfer (where taxation helps redistribute wealth), and work incentive (rules that allow welfare recipients to maintain benefits while working).

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00:00 Intro
00:36 Minimum wage
02:21 Welfare transfer
03:42 Work incentives