here, have a graph

And that graph doesn't show much in the way of correlation...

Perry is now associated with AEI - hardly an unbiased outfit. His latest post is an attempt to prove to us, with 2 little graphs, that "government funding increases health care costs" - http://blog.american.com/?p=9051 :-/

The graph you cite doesn't prove anything, I'm sure you know. Employment and unemployment depends on much more than just a bottom-line federal wage rate.

Some say teenage unemployment has risen due to competition from illegal workers - http://www.csmonitor...3-usec.html?s=itm

Some say teenage unemployment has risen due to stay-at-home moms who are looking to supplement their income - http://online.wsj.co...997530518051.html (Note that WSJ article (as opposed to OpEd or Editorial) doesn't say anything about the minimum wage.)

Finally, I think you'll find AngryBear prepares much more persuasive graphs than Perry - http://angrybear.blo...unemployment.html

[...] But if you look at the long term record it is very hard to conclude that the teenage unemployment rate is a function of the minimum wage. Rather, the evidence very strongly implies that the teenage unemployment rate is driven by the business cycle.

[...]

Oh, and take a look at his last graph - http://2.bp.blogspot...h/Clipboard03.jpg

HTH. I think I'm done. :-)

Cheers,
Scott.
(Who thinks that Perry might want to go back to George Mason for some remedial classes...)

Post #319,728 by boxley 1/7/10 5:37:35 PM Reply	here, have a graph http://criblog.wordp...and-minimum-wage/
Post #319,741 by Another Scott 1/7/10 10:09:28 PM Reply	Correlation is not causality. And that graph doesn't show much in the way of correlation... Perry is now associated with AEI - hardly an unbiased outfit. His latest post is an attempt to prove to us, with 2 little graphs, that "government funding increases health care costs" - http://blog.american.com/?p=9051 :-/ The graph you cite doesn't prove anything, I'm sure you know. Employment and unemployment depends on much more than just a bottom-line federal wage rate. Some say teenage unemployment has risen due to competition from illegal workers - http://www.csmonitor...3-usec.html?s=itm Some say teenage unemployment has risen due to stay-at-home moms who are looking to supplement their income - http://online.wsj.co...997530518051.html (Note that WSJ article (as opposed to OpEd or Editorial) doesn't say anything about the minimum wage.) Finally, I think you'll find AngryBear prepares much more persuasive graphs than Perry - http://angrybear.blo...unemployment.html [...] But if you look at the long term record it is very hard to conclude that the teenage unemployment rate is a function of the minimum wage. Rather, the evidence very strongly implies that the teenage unemployment rate is driven by the business cycle. [...] Oh, and take a look at his last graph - http://2.bp.blogspot...h/Clipboard03.jpg HTH. I think I'm done. :-) Cheers, Scott. (Who thinks that Perry might want to go back to George Mason for some remedial classes...)
Post #319,744 by boxley 1/7/10 10:33:00 PM Reply	Re: Correlation is not causality. ROFL! c02 and global warming :-) but thats what you had in mind right?
Post #319,746 by Another Scott 1/7/10 10:44:33 PM Reply	<head against brick wall> ;-)
Post #319,747 by boxley 1/7/10 11:13:49 PM Reply	yeah look how many posts it took me :-) gotcha!

Welcome to IWETHEY!