In fact, University of California, Irvine, economist David Neumark examined more than 100 credible minimum wage studies of the past two decades and found that 85% of them "found consistent evidence of job loss effects on low-skilled workers" — including lost jobs, reduced hours and closed businesses.

For the full story, please visit http://www.investors.com/politics/editorials/the-fight-for-15-fizzles/.

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