Over on Carpe Diem, Mark Perry graphed teenage unemployment on the same graph as the minimum wage, but first, he subtracted the overall unemployment rate off of the teenage one--this gives, what he calls, "excess teen unemployment", or the increase in unemployment among teenagers above and beyond the general unemployment numbers.
It shows a tight correlation between the rise in the minimum wage and the teen unemployment rate:
From Carpe Diem:
"Bottom Line: As much as politicians and other advocates of the minimum wage might pretend otherwise, the laws of supply and demand (like the law of gravity) are NOT optional."
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