But don’t take my word for it, let the charts to the talking. The first is provided by Antony Davies at the Mercatus Center:
The only group unaffected if college graduates – most of whom are earning more than the minimum wage already.
Consider this chart looking at minimum wage hikes and youth labor force participation. The black dots indicate a year when the minimum wage was raised:
If charts aren’t enough for you, rest assured, the belief that the minimum wage causes unemployment truly is the economic consensus. Harvard Economist Greg Mankiw reports that 79% of economists agree with the statement “A minimum wage increases unemployment among young and unskilled workers.”