anabanana213 Wrote:
Mar 12, 2013 1:06 AM
Correlation does not necessarily imply causation, but to make an argument for causation, you generally have to show correlation. year min wage unemployment 1960 5.30 5.5 1964 6.33 5.2 1970 6.47 4.9 1974 6.37 5.6 1980 5.90 7.1 1984 5.06 7.5 1990 4.56 5.6 1995 4.25 5.6 2000 4.69 4.0 2005 4.14 5.1 2010 5.22 9.6 **1995 dollars ...and I'm not really seeing it... In this country, people have to complete at least 10 years of education. They can do SOMETHING that is worth more than $7.25 an hour, if they are not significantly disabled. You can pay people under 20 $4.25 an hour for the first 90 days: there is the incentive to hire teenagers for summer jobs.