[Truth-The Anti Spin]

In theory, raising minimum wage causes unemployment and hurts businesses that employ the minimum wage workers.

The old economic consensus was along these lines.. but research over the past 20 years has been mixed. Many economists believe the effect will be negligible, both on the economy as a whole and in helping the poor.

[Rippin]

Many economists believe the effect will be negligible, both on the economy as a whole and in helping the poor.

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When minimum wage is below the market wage for entry level jobs this is true. It obviously depends on how high it is raised. But most economists still predict that whatever the negative impact may be in aggregate, it disproportionately will be felt by the more disadvantaged areas (poor teens etc.)

http://www.ncpa.org/ba/ba292.html