From The Fiscal Times:
President Obama’s call Tuesday night for raising the federal minimum wage by 40 percent to help lift millions of Americans out of poverty rekindled a long-standing debate over the economic benefits and risks of raising the floor on wages for the lowest-paying jobs…The University of California, Irvine’s David Neumark and William Wauscher of the Federal Reserve Board conducted a literature review in 2007 that found a majority of studies pointing to negative effects on employment – particularly among low-skilled workers.

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