Source: Oren Levin-Waldman and Charles Whalen, Challenge: The Magazine of Economic Affairs, Volume 50, Number 3, May-June 2007
If raising the minimum wage affected only 2.5 percent of the labor market, as many argue it does, than it would not be such an explosive political issue. In truth, it affects wages well up the income ladder. The authors show why. They argue that a higher minimum wage is an essential part of any American wage policy.