A number of states and municipalities have passed minimum wage laws and advocates have pushed with their protests and marches for $15 an hour. Minimum wage hikes are seen as some sort of panacea for low wage workers. In a recent speech on workforce development by Federal Reserve Chairwoman Yellen, she stated that it is crucial for younger workers to establish a solid connection to employment early in their work lives. Yet, studies have shown that higher minimum wages have reduced entry level jobs, especially for younger workers. Some cities and states that passed higher minimum wage laws are now considering the consequences. Should minimum wages be increased to $15 an hour?