The argument against raising minimum wage

From the Chicago Tribune:
The job loss argument is supported by many different academic studies, though proponents of boosting the minimum wage offer up studies of their own showing negligible effects on employment. 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."

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