From the Sacramento Bee:
If "fairness" is the buzzword for those seeking to increase the federal minimum wage, the opposition's preferred term is "blunt instrument." That describes how they view the minimum wage as a means of addressing poverty: It's like chipping away at a problem with a hammer when more precise tools are at hand… But a widely cited 2006 study by David Neumark, an economics professor at the University of California, Irvine, and William Wascher, deputy director of research and statistics at the Board of Governors of the Federal Reserve System, examined the literature on this issue and found "the weight of the evidence points to disemployment effects." It also found that "minimum wages may harm the least skilled workers more than is suggested by the net disemployment effects estimated in many studies."

For the full story, please visit http://www.sacbee.com/2014/03/11/6226733/rex-huppke-the-argument-against....

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