From The Hill:
Economists have been studying the minimum wage since at least the 1940s. The theory they’re testing, in a nutshell, is whether demand for employees earning at or near the minimum wage falls as the cost to hire them rises. In their comprehensive 2008 book Minimum Wages, economists from UC Irvine and the Federal Reserve Board put it this way: The “prediction of a reduction in labor demand applies unambiguously only to less-skilled workers whose wages are directly raised by the minimum wage.”

For the full post, please visit http://thehill.com/blogs/congress-blog/labor/214115-breach-of-trust-in-m....