From Money News:
President Obama and others who advocate a minimum wage increase claim it is necessary to help low-income families. "But a higher minimum wage would do little for such families," David Neumark, an economist at University of California, Irvine, writes in The Wall Street Journal. "Minimum wages are ineffective at helping poor families because such a small share of the benefits flow to them." There are three reasons for that, he says.

For the full story, please visit http://www.moneynews.com/Economy/minimum-wage-poor-tax/2014/07/08/id/581....