Inflation-Adjusted Minimum Wage vs. Unemployment

My interpretation of this chart is that significant increases in the federal minimum wage tend to cause spikes in unemployment, usually with a delay of up to three years.

Clinton's 2nd term is the only time period that shows a delay of more than a few years. I would attribute this delay of the inevitable to the bursting of the dot-com bubble (March 2000) and 9/11.

The only time period that doesn't fit my conclusion is the Kennedy administration and the early years of Johnson's Great Society.

The minimum wage went up 40% in the last two years of the Bush administration, and an additional 8 million people filed for unemployment over the next several years.

In 2009, Obama expressed interest in raising the wage to $9.50. By my estimates, this would have put another 5 to 6 million people in the unemployment lines.

For more entries on banking, the treasury, currency, inflation, and business, please visit:

http://www.aquarianagrarian.blogspot.com/2011/10/comparative-economics.html

http://www.aquarianagrarian.blogspot.com/2011/10/occupy-madison-flyer.html

http://www.aquarianagrarian.blogspot.com/2012/11/new-institutional-economics.html

http://www.aquarianagrarian.blogspot.com/2013/02/agorism-and-mutualism-summaries-and.html

http://www.aquarianagrarian.blogspot.com/2013/03/market-anarchism-economists-vs.html

http://www.aquarianagrarian.blogspot.com/2013/09/proposal-for-cooperative-party-of-oregon.html

http://www.aquarianagrarian.blogspot.com/2013/12/inflation-adjusted-minimum-wage-vs.html

http://www.aquarianagrarian.blogspot.com/2014/04/economic-policy-for-2012-us-house.html

http://www.aquarianagrarian.blogspot.com/2014/05/response-to-campaign-for-liberty.html

For more entries on employment, unemployment, the minimum wage, and Right-to-Work, please visit:

http://www.aquarianagrarian.blogspot.com/2010/12/taxes-and-unemployment.html

http://www.aquarianagrarian.blogspot.com/2011/01/immigration-and-minimum-wage.html

http://www.aquarianagrarian.blogspot.com/2011/11/15-reasons-to-abolish-us-federal.html

http://www.aquarianagrarian.blogspot.com/2013/04/what-didnt-unions-do.html

http://www.aquarianagrarian.blogspot.com/2013/09/proposal-for-cooperative-party-of-oregon.html

http://www.aquarianagrarian.blogspot.com/2013/12/inflation-adjusted-minimum-wage-vs.html

http://www.aquarianagrarian.blogspot.com/2014/04/taxes-and-unemployment.html

http://www.aquarianagrarian.blogspot.com/2014/04/in-response-to-question-about-right-to.html

http://www.aquarianagrarian.blogspot.com/2014/04/compulsory-unionism-vs-right-to-work.html

http://www.aquarianagrarian.blogspot.com/2014/04/right-to-work-laws-and-union-security.html