Through the years, studies about the impact of minimum wages have pointed to different conclusions, a topic of discussion among researchers and academics at a two-day conference this week at the Minneapolis Fed and the University of Minnesota. David Neumark, [Distinguished Professor], an economist from the University of California, Irvine, presented his review of literature on minimum wages and said a majority of studies have found some modest negative employment effects. "That doesn't mean the minimum wage is a bad idea," he said. "It means there's a cost. It means we have to think about trade-offs."

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