If you jack it up to a level insubstantially higher than market rate, then the number of jobs lost will probably also be insubstantial (and statistically insignificant in most studies). I agree with this statement.<p>So basically, an insubstantial increase in minimum wage hides the harm in statistical noise. On the other hand, the (also insubstantially small) benefits will be completely visible.<p>Sounds like a political win to me: an invisible cost but a visible (albeit small) benefit.