Minimum Wage Maximum Unemployment

AP

Minimum wage hikes hurt the people that politicians claim to help, according to a new study.

University of California at San Diego professors Jeffrey Clemens and Michael Wither found that the $7.25 minimum wage passed in 2007 contributed to job losses for entry level and low-skilled workers. The wages may have been high on paper, but the take home pay for workers fell during the first three years of the new wage.