Does increasing the minimum wage stifle job creation? Room for Debate

From the New York Times “Room for Debate”:

For the past year, fast-food and retail workers have made it clear that lousy pay should not be the cost for cheap meals and products. Many full-time workers receive food stamps. Thursday’s planned demonstrations are the latest in their drive for better pay and a doubling of the federal minimum wage to $15 an hour. President Obamahas also pressed for a higher minimum wage.

Do low prices need to be subsidized by poverty? Should the minimum wage be raised? What’s the best way to improve the living standards of workers at the bottom of the pay scale?

Read the full text of perspectives from various experts here.