Warren Buffett's Solution For Workers With Low Pay

Warren Buffett believes anyone working 40 hours a week deserves a decent living, but he doesn’t think raising the minimum wage is the best solution.

In a CNN interview after the 2016 election, the Berkshire Hathaway CEO explained why he favors expanding the earned income tax credit instead of forcing higher hourly wages. Buffett warned that mandated wage floors could lead to fewer jobs, especially in low-margin industries, while a stronger income-based system could protect workers without cutting employment.

Nearly a decade later, his argument still resonates as wage pressure, living costs, and labor shortages remain front and center in the U.S. economy.