Which of the following statements is not correct?

A) Two key elements of welfare reform are work requirements and limiting the time that recipients can receive benefits.
B) The Earned Income Tax Credit (EITC) is very similar to a negative income tax.
C) Minimum wage laws will likely increase unemployment.
D) The elderly are more likely to be poor than single mothers.

Welfare Reform

Changes in the administration of national or local welfare systems, often aiming to reduce dependency, encourage employment, and manage costs.

Earned Income Tax Credit

A refundable tax credit for low- to moderate-income working individuals and families, especially those with children.

Minimum Wage Laws

Regulations that dictate the lowest legal hourly compensation employers must pay their workers.