A problem with the earned income tax credit is that as your income increases you get less of it which creates a high effective marginal tax rate (especially when combined with other means tested government programs) which discourages people from leaving the lower working socioeconomic class.
Of course. I didn't mean to imply that the EITC was perfect; the only perfect redistribution program is going to be uninfluencable lump sum transfers. My understanding was that wage subsidies were found to be pretty effective at boosting poor people's spending power without doing too much to incrementally discourage work.
The concept of minimum wage is one I'm rather attached to. I have dozens of arguments for why it helps people, improves the world, etc. etc. I suspect this view is shared by most of this community, although I haven't seen any discussion of it.
I don't have much understanding of the harms that minimum wages cause; and at what level of minimum wage those harms become relevant (ie. a minimum wage that would not be a living wage even working 24 hours a day is unlikely to have any of the same problems that a minimum wage sufficient to buy an aircraft carrier an hour would have)
So what are the harms that such laws cause?