The Arithmetic of the Minimum Wage and the Earned Income Tax Credit

The NYT had an article on efforts to raise the minimum wage in New York state. At one point the piece gives the views of

Russell Sykes, a senior fellow at the Empire Center for New York State Policy, who is identified as an opponent of a higher minimum wage. According to the article, Sykes argued that:

"raising the minimum wage would not be helpful to most poor families. The earned-income tax credit was more beneficial to them, he said, and an increase in the minimum wage could make some fami...