[monocasa]

Do you have any studies that back up your claim? Most actual peer reviewed work I've seen on the subject suggests that

A) Minimum wage increases helps everyone overall by increasing the wage floor.

B) Increases in minimum wage are correlated with greater disposable income, even when put into context with inflation and goods prices increases (basically price of goods may go up a little, but labor wasn't a large portion of their cost to begin with).

[snarf21]

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-b...] [http://www.ncpa.org/sub/dpd/index.php?Article_ID=25936] [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.