Income Inequality

Economic Freedom Promotes Upward Income Mobility

from TPPF,

What to know: Excessive regulations hurt lower-income workers who are trying to improve their prospects and make a better future for their families, a new study says. The TPPF Take: Economic freedom means more opportunity for everyone. “Regulations too often exclude people from work and opportunity,” says TPPF’s Vance Ginn. “They may require workers to purchase occupational licenses or train to acquire credentials before they can work. This takes time and money, which lower-income earners may not possess, creating a barrier that prevents them from fully participating and advancing in the labor market. Such regulations slow wage growth for lower-income workers.”

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