Minimum Wage Debate

Graphical evidence of my argument from my January 29th Eagle column:
















As you can see, there seems to be a correlation between the real value of the minimum wage and the unemployment rate for teenagers. This proves two points. First, the minimum wage affects mostly teenagers. And second, as the minimum wage rises, unemployment will rise along with it.

While this increase in unemployment should not be seen in the total unemployment rate, it should be interesting to watch the unemployment rate for teenagers over the next couple of years.