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Correction: December 12 , 2002 Thursday The Books of The Times review on Tuesday, about "Max Beerbohm: A Kind of Life," by N. John Hall, misstated the publication date of Beerbohm's only novel, "Zuleika Dobson," and as a result cited an omission in the biography erroneously.
But the reason you get that economists' result cited above about the benefits' outweighing the costs is that these studies overwhelmingly find that on net, raising the minimum wage lifts the earnings and the incomes of a vast majority of affected workers (the economist John Schmitt provides an excellent review of the literature; see his Figure 1 for the "hovering around zero" effect).
The proof consists of a simple change of variable in the result cited from [8]; cf. [[11], pp.299-300].
In the words of Ronald Ross, 'To say that a disease depends upon certain factors is not to say much, until we can also form an estimate as to how largely each factor influences the whole result' (cited by McKenzie, 2000).
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