That's not a "simple fact."<p>Minimum wage also transfers money to low-wage workers, who tend to spend every cent they're given, which acts as an economic boost for the area, and creates job.<p>All the research I've seen shows that there are two conflicting effects, and even well-educated experts, who have spent long periods of time studying it, have a very hard time determining if the effect is net positive, negative, or neutral.