Nonsequitur: Raising the Minimum Wage Also Raises the Unemployment Rate
March 31, 2014
A new study by American Action Forum reviewed the impact of state minimum wages higher than current federal rate ($7.25/hr) in 2013. Researchers looked at 19 states and found that for every $1 above the federal rate, states experienced a 1% increase in overall unemployment and a 4% increase in teen unemployment. They also found a negative job creation effect from raising minimum wages. Read the complete study here.