More information indicating that raising the minimum wage wont end life as we know it.
Studies found that an increase in the minimum wage didn't generally lead to mass terminations of employees
One major result of a hike in the minimum wage is that it has a similar impact as a stimulus package, a study from the Chicago Federal Reserve Bank found. Essentially, households impacted by a $1.00 increase in the minimum wage use that additional revenue to make purchases of large durable goods, often home appliances and especially cars. This net effect has a positive impact on the economy in the quarters following a minimum wage increase.
Read more: http://www.businessinsider.com/raising-minimum-wage-small-businesses-retail-2013-2#ixzz2zwQEuw1h
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