It is just amazing that liberals still get on this board and champion a $15 minimum wage, but even liberal billionaire Warren Buffet has acknowledged that raising the minimum wage that much would cost jobs and "crush" many workers.
Why Warren Buffett thinks a $15 minimum wage will 'reduce employment in a major way, crushing many workers'
Umptillion studies have shown that the best way to help low-income workers is through the Earned Income Tax Credit (EITC). The EITC spreads the burden among all taxpayers and businesses and targets adults who are working low-income jobs.
IZA World of Labor - The minimum wage versus the earned income tax credit for reducing poverty
EXCERPT: The earned income tax credit is a refundable tax credit available only to workers who live in low- to moderate-income families. As a result, the share of workers receiving this credit who live in poor families will be considerably greater than the share who gain from a general minimum wage hike.
Why Warren Buffett thinks a $15 minimum wage will 'reduce employment in a major way, crushing many workers'
Umptillion studies have shown that the best way to help low-income workers is through the Earned Income Tax Credit (EITC). The EITC spreads the burden among all taxpayers and businesses and targets adults who are working low-income jobs.
IZA World of Labor - The minimum wage versus the earned income tax credit for reducing poverty
EXCERPT: The earned income tax credit is a refundable tax credit available only to workers who live in low- to moderate-income families. As a result, the share of workers receiving this credit who live in poor families will be considerably greater than the share who gain from a general minimum wage hike.