From The WSJ:
A higher minimum wage raises wages of low-wage workers, and even though most evidence points to job losses from higher minimum wages, the evidence doesn't point to widespread employment declines. Thus, consistent with a recent Congressional Budget Office report, many more low-wage workers will get a raise than will lose their jobs. But that argument is about low-wage workers, not low-income families. Minimum wages are ineffective at helping poor families because such a small share of the benefits flow to them…. Mr. Neumark is an economics professor and director of the Center for Economics and Public Policy at the University of California, Irvine.

For the full story, please visit http://online.wsj.com/articles/who-really-gets-the-minimum-wage-14046833... (subscription required).

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