“ history says that raising the minimum wage has little if any impact on job creation. A study published in November 2010 in the Review of Economics and Statistics, for instance, found “no detectable employment losses from the kind of minimum wage increases we have seen in the United States.” Another published in 2011 “found no impact on hours worked or employment levels.”
The seminal study of the minimum wage, done by economists David Card and Alan Krueger, found that job creation was actually strengthened by an increase in the minimum wage. This result has been found time and time again. So Rubio and Ryan have the history exactly backwards: raising the minimum wage results in higher wages and more purchasing power for workers, not job losses. ”