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by snarf21 3322 days 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-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.