My recent Forbes article about the minimum wage contains some claims, facts, and figures based on economic theory and an extensive body of research by economists who have studied the employment effects of the minimum wage.

FORBES: Resources on the Minimum Wage

The theory is that as people lose their jobs, the pressure for wage rises diminishes.

BBC: Whatever happened to full employment?

In theory, we can expect people to invest the difference between the minimum wage and the minimum they would be willing too accept in a job search.

FORBES: Should We Care About the Minimum Wage?