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October 31, 2006

Minimum wage trends: Understanding past and contemporary research

There is a growing view among economists that the minimum wage offers substantial benefits to low-wage workers without negative effect. Although there are still dissenters, the best recent research has shown that the job loss reported in earlier analyses does not, in fact, occur when the minimum wage is increased. There is little question that the overall impact of a minimum wage is positive.

Posted by Gary Holden at October 31, 2006 8:47 AM