“Here’s the bottom line: Regardless of the size of a country’s economy, its current economic situation, or the time frame chosen, people lead better lives as the minimum wage increases.”
“Although correlation does not prove causation, the evidence we have assembled strongly suggests that higher minimum wages do indeed work to the financial betterment of society as a whole. Even if some low wage jobs disappear as minimum wages rise, the end result is greater economic security and prosperity overall for people who live and work in countries with the higher minimums.”
Scholars Strategy Network, November 2014: “Evidence that higher minimum wages improve economic well-being: Research brief,” by Michael Krassa and Benjamin Radcliff (2 pages, PDF)
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