From NPR:
Critics argue raising the minimum wage will simply force employers to hire fewer workers or shorten their hours. David Neumark is an economist who studies the issue at the University of California, Irvine. David Neumark: “The minimum wage creates winners and losers. Obviously, if you keep your job and/or you don't have your hours reduced, you're obviously making more money. And that's a good thing. But there is some job loss associated with minimum wage increases. And it falls on, of course, the people we are trying to help, these skilled low-wage workers.”

Full transcript unavailable.  Audio link is available at http://www.npr.org/2014/01/28/267797267/obama-seeks-minimum-wage-hike-wi....

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