Buffett: Help the Poor through Earned Income Tax Credit, Not a Higher Minimum Wage

business_ethics_highlights_2Warren Buffett is one of the richest people on earth. He is also one of the world’s most generous philanthropists. This means he’s no dummy, and no Scrooge. He argues, in the opinion piece below, that raising the legal minimum wage (much) would hurt the poor, overall, and that a better solution (at least in the US) would be to increase and improve the Earned Income Tax Credit. >>>

LINK: Better Than Raising the Minimum Wage (by Warren Buffett)

The American Dream promises that a combination of education, hard work and good behavior can move any citizen from humble beginnings to at least reasonable success. And for many, that promise has been fulfilled. ….

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