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Krueger and David Card of the University of California, Berkeley, found that in the eight months after New Jersey raised its minimum wage to $5.05 an hour from $4.25 in 1992, employment in fast-food restaurants grew slightly faster there than in Pennsylvania, where the minimum wage didn't change.
If there is a consequence to an increase in the federal minimum wage, it will more likely be seen in prices...
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Mr. Krueger and Mr. Card found that prices in restaurants in their study rose about 4 percent faster in New Jersey than they did in Pennsylvania. But that's unlikely to induce customers to stop eating fast food. If labor accounts for about 30 percent of total costs in fast-food chains, even assuming that everybody at the restaurant works for the minimum wage, an increase of 40 percent, before inflation, is likely to add less than 10 percent to the price of your burger over two years
The second point on minimum wage that was discussed by the New York Times magazine was under the title (“The Bare Minimum†by SARAH HAMERSMA, Published: March 8, 2007 The New York Times http://topics...
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General points of the essay
Life Struggle on Minimum Wage
Minimum Wage Laws
Minimum Wage Legislation
Raising Minimum Wage
The Effects of Higher Minimum Wage
The effect of the minimum wage has on unemployment
Change in Federal Minimum Wage
Minimum Wage Impact
Raising The Minimum Wage
The Minimum Wage And Why We Should Leave It
Against raising minimum wage
Minimum Wage debate
minimum wage troubles
minimum wage
Should Minimum Wage Be Increased?
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