From the Washington Times:
It doesn’t take an economics degree to realize when the price of something goes up, demand goes down. The same is true for employees. When it costs substantially more to hire someone, businesses have to think twice about whether the new hire is something they can afford. Actual economists have been hard at work for the past few decades trying to prove the opposite. After all, it would indeed be quite a good thing if one could simply legislate higher wages for all without downsides such as putting people out of work. A study released Wednesday by the Employment Policies Institute (EPI) shows prior work on the topic may have involved a bit too much wishful thinking. In the report, University of California, Irvine economists David Neumark and Ian Sales navigate the flaws in economic works that attempt to advance the premise that a higher minimum wage has no connection to job loss. Mr. Neumark and Mr. Sales found the flawed studies had thrown out valid data and used inappropriate control groups to reach what must have been the desired conclusion.

For the full story, please visit http://www.washingtontimes.com/news/2013/jan/10/higher-wages-lower-emplo....