Minimum Wage: A Case Study

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In 1994, labor economists David Card and Alan Krueger compared the rates of employment in New Jersey 's fast-food industry before and after a statewide increase in the minimum wage. The study found minimal impact on employment. "The weight of this evidence," Card and Krueger wrote in their 1995 book Myth and Measurement: The New Economics of Minimum Wage, "suggests that it is very unlikely that the minimum wage has a large, negative employment
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