According to empirical research on the effects of the minimum wage since the 19905, including economists Card and Krueger's Myth and Measurement, 0 There is no reason to doubt the veracity and accuracy of the conventional supply and demand minimum wage model. 0 The real value of the minimum wage has been constant since the 19605. 0 Teenage workers are the only group who benets from raising the minimum wage. O Modest raises in the minimum wage have had lower than expected or zero effects on unemployment in the markets where the minimum applies. 0 The elasticity of demand for minimum wage labor is perfectly elastic