Isn’t it true that minimum wage increases usually lead to job losses?

A:

This is an old chestnut trotted out by low-wage employers around the world every time a government contemplates minimum wage increases. It has an air of what late-night TV personality Stephen Colbert calls “truthiness”: it sounds like it could be true, but isn’t. The truth is that there is absolutely no evidence linking minimum wage increases to job losses, even in the sectors most likely to be impacted by the increases. In fact, in an open letter to U.S. Senators, over 600 economists in the United States said increasing the minimum wage does not lead to job loss.