The debate over an increased minimum wage has been raging for a few years now with proponents on both sides debating the economic data that supports their arguments. In this article, I will break down both arguments and the implications of an increase in the minimum wage in varying cities across the US.
Origins of the debate
This heated exchange first began with two seminal pieces that each provided confounding results in relation to minimum wage increases. The first work by Berkeley and Princeton economics professors David Card and Alan Krueger looked at a wage increase for fast...