A nice review of the literature on the effect of minimum wage

David Neumark and Peter Shirley conclude that: 

"(i) there is a clear preponderance of negative estimates in the literature; 
"(ii) this evidence is stronger for teens and young adults as well as the less-educated;
"(iii) the evidence from studies of directly-affected workers points even more strongly to negative employment effects; and
"(iv) the evidence from studies of low-wage industries is less one-sided" (HT Tyler Cowen, Jan. 2021).