Minimum wage, minimum benefit

Free Exchange, The Economist Blog
27th May 2008

Most of those weighing in on the topic readily acknowledge that for small increases in the wage level, disemployment effects are likely to be insignificant, but that for larger increases, employers are indeed likely to create fewer jobs.The debates then centre on the issue of how large an increase is feasible without fuelling growth in unemployment and whether such an increase could make a material difference in the lives of wage earners.
[http://www.economist.com/blogs/freeexchange/2008/05/minimum_wage_minimum_benefit.cfm]