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Does raising minimum wage hurt employment?

Information on the employment and wage impacts of minimum wage changes is a critical ingredient in deciding where to set the minimum wage.

The majority of the global labour force is in the emerging markets. But little is known about the impact of minimum wages on employment and living standards in these markets.

RAISING the minimum wage is a polarising issue. One side worries that raising it will lower employment. The other side downplays the impact on employment and plays up the positive impact on the living standards of the poor. Both sides are able to cling to their beliefs as the evidence, much of...