From Fox News:

It's been an article of faith for so long that the minimum wage offers a "hand up" to the people on the lowest rung of the economic ladder, but some recent studies show otherwise. The most exhaustive of these is a landmark book published last year called "Minimum Wages." It's by two economists, David Neumark of the University of California and William Wascher of the Federal Reserve.

For a transcript and to view the video, please visit http://liveshots.blogs.foxnews.com/2009/12/14/how-minimum-wage-affects-t....