Raising the minimum wage will not result in loss of employment overall and it really never does. A few mom and pops who can't keep Billy or Sally employed are statistically insignificant I'm sorry to say, and I mean that because Billy and Sally are significant so good luck to them. Anyway, the CEPR just did a study, available here
http://krugman.blogs.nytimes.com/201...age-economics/ that shows it's just another of those myths that certain political factions turn to in times of discussion. Again, the red herrings will beach themselves in record numbers over this $9 an hour fed. min. wage increase proposal just like they do on everything else that is.. progressive.