Nonsense. That&#x27;s simply wrong.<p>And if Econ 101 states it&#x27;s true, then Econ 101 is wrong too.<p>Here&#x27;s a more fact-based explanation, with links to studies and comments by economists:<p><a href="http:&#x2F;&#x2F;www.dol.gov&#x2F;minwage&#x2F;mythbuster.htm" rel="nofollow">http:&#x2F;&#x2F;www.dol.gov&#x2F;minwage&#x2F;mythbuster.htm</a>