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‘Cliff Effect’ hurts workers trying to move up economic ladder

 

Dan Greeley’s employer, Suzanne Crawford, and Olivia Golden of the Urban Institute talk about the impact of the “Cliff Effect.” Suzanne Crawford says she laughed out loud when one of her most dedicated employees, Dan Greeley, came to her asking for a pay cut. Unfortunately, she realized soon enough that Greeley was a victim of the “cliff effect,” something that the Urban Institute’s Olivia Golden says the government can do more to combat.

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