It is a fundamental reality that the left ignore as they seek to raise the minimum wage to $15.  That is, there will be significant job losses among the least skilled workers over a period of time. In an excellent analysis in the Wall Street Journal, economist David Neumark destroys the argument that raising the minimum wage doesn't cost jobs by citing several studies representing the overwhelming evidence that gives the lie to the myth that raising the minimum wage doesn't hurt the least skilled and most vulnerable workers. Economists have written scores of papers on the topic dating back 100 years, and the vast majority of these studies point to job losses for the least-skilled. They are based on fundamental economic reasoning—that when you raise the price of something, in this case labor, less of it will be demanded, or in this case hired. Among the many studies supporting this conclusion is one completed earlier this year by Texas...(Read Full Post)