Krugman on the minimum wage

I am always happy to link to interesting new arguments which have not been considered on this blog before:

…the usual notion that minimum wages and the Earned Income Tax Credit are competing ways to help low-wage workers is wrong. On the contrary, raising the minimum wage is a way to make the EITC work better, ensuring that its benefits go to workers rather than getting shared with employers. This actually is Econ 101, but done right: given a second-best world in which you use imperfect tools to help deserving workers, two tools together can produce a better outcome than either one on its own.

He is drawing from this Rortybomb post.  For other, different arguments, here is Angus and here is David Henderson.