4 ms·
Not saying your wrong but if labor isn't a large portion of most goods then why are all the jobs in China or being automated? Here are some articles after a br
by snarf21 9y ago
Not saying your wrong but if labor isn't a large portion of most goods then why are all the jobs in China or being automated?
Here are some articles after a brief search:
[https://www.forbes.com/sites/timworstall/2015/05/25/warren-buffetts-right-but-not-correct-raise-the-eitc-not-the-minimum-wage/#ac5c30a7ac51 https://www.forbes.com/sites/timworstall/2015/05/25/warren-b...]
[http://www.ncpa.org/sub/dpd/index.php?Article_ID=25936 http://www.ncpa.org/sub/dpd/index.php?Article_ID=25936]
[https://www.bostonglobe.com/opinion/editorials/2014/04/02/minimum-wage-eitc-end-either-thinking/82fHX1LudOU5L8DZMUAO1L/story.html https://www.bostonglobe.com/opinion/editorials/2014/04/02/mi...] - a little either or but EITC does more to amplify small increases to minimum wage than the opposite.
I do think the minimum wage should be increased but by a more reasonable amount and then track inflation every five years or something. I just think EITC is a much more targeted tool. Additionally, raising minimum wage doesn't help if most of the jobs are automated away but EITC still helps.