The EITC and the minimum wage have the same goal: reduce poverty through higher income for people with low-paying jobs. Which makes me wonder.. why don't we figure out which one is more effective, and then get rid of the other while proportionally expanding the better one?
I'd need to be way less ignorant to say this with any certainty, but it seems like the EITC is preferable over minimum wage. The benefits can be more directly targeted to where it's needed. And its costs can be more spread out instead of specifically making it more expensive for employers to hire more people.
Of course, reality is complicated, and there may be good reasons to keep a mix instead of one over the other. But it seems strange that I never see this topic brought up in political news.
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