Should the Minimum Wage Be Raised? Economists Weigh In

The Wall Street Journal’s Real Time Economics blog recently posted an article entitled “Should the Minimum Wage Be Raised? Economists Weigh In” @ http://on.wsj.com/1kYgJj6.

I am most convinced by the recent (July 2013) survey article entitled “Revisiting the Minimum Wage-Employment Debate: Throwing Out the Baby with the Bathwater?” (available from http://bit.ly/1dNSMao) which documents that minimum wages pose a tradeoff of higher wages for some against job losses for others.   I am particularly fond of the following quote from that article: “We revisit the minimum wage-employment debate, which is as old as the Department of Labor” (historical note: the US Department of Labor was founded March 4, 1913 :-))
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