US/ Minimum Wage / Available research finds “no evidence of a meaningful adverse employment effect” – Council of Economic Advisers

A meta-analysis by Doucouliagos and Stanley (2009) of 64 studies on the minimum wage published between 1972 and 2007, encompassing over 1,000 estimates, finds that most estimates are concentrated around zero, indicating no detectable effect (see figure). The authors conclude that the available research finds “no evidence of a meaningful adverse employment effect” of the minimum wage.

Chosen excerpts by Job Market Monitor

Source: 2013 Economic Report of the President | The White House. Chapter 4: Jobs, Workers and Skills