The hidden costs of raising the minimum wage

Most of the debate surrounding the minimum wage has focused on the question of whether raising it destroys jobs. Conservatives say yes, liberals say no and both eagerly point to various economic studies to buttress their point.

Less attention has been paid to what impact a hike will have on those who will still be working. After all, even if the hike does cost some jobs, that may still be a worthwhile trade-off if enough other low-income workers benefit.