It only transfers money to low wage workers <i>if they still have a job</i>.<p>Fortunately, minimum wage cuts very few jobs; market rate is usually significantly higher than $7.25 an hour. However, when you pass a minimum wage higher than market rate, you do have significant effects. Take American Samoa, for example, which recently lost several thousand tuna canning jobs to the recent minimum wage hike:<p><a href="http://www.washingtonexaminer.com/opinion/columns/Ask-American-Samoa-how-minimum-wage-killed-jobs-82117032.html" rel="nofollow">http://www.washingtonexaminer.com/opinion/columns/Ask-Americ...</a>