[brightsize]

>Exactly. Imposing a price floor on labor does nothing besides driving up unemployment.

Uh, no. My state, Washington, has the highest minimum wage in the country and is doing better [1] than most states in the US in terms of job creation. I expect Seattle's recent move to a $15/hr minimum wage to improve the economy and the lives of low-wage workers there.

[1] http://www.bloomberg.com/news/2014-03-05/washington-shows-hi...

[morgante]

That logic is flawed because you're comparing apples to oranges without controlling for exogenous factors.

Perhaps the Washington economy has been growing which allows employers to both pay the higher minimum wage and continue hiring.

If you want to do these terrible comparisons, I'll give you Norway where there isn't any minimum wage yet the unemployment rate is far lower than in Washington (3% vs 6%).

[protomyth]

to add to your point, if we are not considering other factors, North Dakota at $7.25 has the lowest unemployment rate in the US.