Explore Unemployment Rate, Minimum Wage, and more!

The variety amongst state minimum wages provides a natural experiment from which to learn. Nineteen states enforced minimum wages above the federal minimum of $7.25 per hour and thirty-one had minimum wages equal to $7.25 in 2013. This paper uses recent data to analyze the impact of raising the minimum wage on employment among the 50 states. The analysis finds that in 2013, a $1 increase in the minimum wage was associated with a 1.48 percentage point increase in the unemployment rate, a…

How Minimum Wage Increased Unemployment and Reduced Job Creation in 2013 - AAF