<div id="readability-page-1">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.</div>

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<p>Warren Buffett argues against raising the minimum wage, suggesting instead the expansion of the earned income tax credit to ensure decent living standards for full-time workers. He warns that higher wage floors could reduce jobs, particularly in low-margin sectors, while an income-based system could protect employment. His views remain relevant amid ongoing wage pressures, living costs, and labor shortages in the U.S. economy.</p>

- Warren Buffett argues that while a decent living is deserved for those working 40 hours a week, raising the minimum wage is not the optimal solution.  
- He advocates for expanding the earned income tax credit to support workers without risking job losses, particularly in low-margin sectors.  
- Nearly a decade later, his views are relevant as issues like wage pressure, living costs, and labor shortages continue to affect the U.S. economy.

Warren Buffett's solution for workers with low pay