Warren Buffett does not think that $7.25 an hour is enough to live on, but he thinks raising the Earned Income Tax Credit might be a better solution than changing wage laws.

Warren Buffett unsure about minimum wage hike

Buffett laughs at the ‘persecuted’ 1%

Billionaire Warren Buffett says, ‘I don’t see anybody in the 1% that wants to leave that category and join the 99% because they’re feeling persecuted.’