Economists have long disputed the broader impact of setting a minimum wage. A major 1994 study by labor economists David Card and Alan Krueger found that a rise in New Jersey's minimum wage did not reduce employment levels in the fast food industry. Krueger now is chairman of the White House Council of Economic Advisers.Yet that study has come under fire from other economists, who argue that comparing different states over time shows that raising the minimum wage hurts job growth.
Obama Minimum Wage Plan Renews Economic Debate
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