Some of the more recent studies have supported the Card Krueger finding of little if any effects of “moderately” higher minimum wages on employment, although the “majority” has tended to confirm the older conclusion that a 10% increase in the minimum wage reduces teenage employment by about 1 to 3 per cent. A very recent study by Neumark, Salas, and Wascher (January 2013] goes over a few recent studies challenging this conclusion. They conclude, as Neumark and Wascher did in their 2008 book, Minimum Wages, regarding earlier evidence, that the recent evidence does not overturn the conclusion that higher minimum wages do significantly reduce employment of vulnerable groups, like teenagers.
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