From Forbes:
While economists and politicians debate the merits of hiking the minimum wage – conservatives say raising pay kills jobs, while liberals argue that it bolsters living standards and boosts spending, thus helping businesses – members of the public across the political spectrum favor a higher minimum… Supporting the opposing view, a comprehensive two-decade literature review by a University of California, Irvine economist and a member of the Federal Reserve Board, published in 2007, showed that a hike in the minimum wage hurt the job chances of low-wage workers.

For the full story, please visit http://www.forbes.com/sites/susanadams/2014/05/06/why-the-minimum-wage-w....