A new working paper from the National Bureau of Economic Research, "More Recent Evidence on the Effects of Minimum Wages in the United States," concludes, "We see the evidence as still pointing to disemployment effects for low-skilled workers from raising the minimum wage." Further, "we conclude that the best evidence still points to job loss from minimum wages for low-skilled workers — in particular for teens."
The paper is co-authored by David Neumark of the University of California at Irvine, William Wascher of the Federal Reserve, and J.M. Ian Salas of Harvard.