Recently enacted state minimum wage laws may have cost the economy 100,000 to 200,000 new jobs, according to an analysis published by the Federal Reserve Bank of San Francisco on Monday.

In the analysis posted to the San Francisco Fed’s site, economist David Neumark reviewed the effects of the state minimum wage increases that have taken place since the federal minimum wage was set at $7.25 in 2007. Neumark multiplies the increases in the minimum wages by the estimates of job losses associated with higher minimum wages taken from recent studies to arrive at his conclusion.

Neumark writes that the loss of up to 200,000 is a “small drop” that should be weighed against the higher wages for those who remain employed.

Read the article “Fed: State Minimum Wage Hikes May Have Killed 200,000 Jobs” on washingtonexaminer.com.