Ok sorry so

yea

I think I might have to make a homemade graph for this

whats the reason @Leo (BillNyeLand)

The reason is that that minimum wage vs unemployment graph focuses on only one set of minimum wage increases, which was also accompanied by the onset of the largest recession since WWII

That definitely has the potential to affect teen employment adversely

Apologies, FREDGRAPH is being a pain

What do you mean "one set"

multiple wage increases took place

Yes, but in a short time

So this graph is the 3 times the difference between teen unemployment and overall unemployment plotted vs minimum wage, adjusted for inflation, over the past 50-ish years

As you can see, the spread depends more on recessions than rises in the minimum wage

I like your graph, where are the data sets from

More importantly, the days of the $10 (adjusted) min wage were not marked by hugely higher teen unemployment than the $7.25 of today

FredGraph

It's online economic data that I would hugely recommend for making your own graphs

You're gonna summon SId!

interesting, thanks

do you know if they have state level stats available or does the fed only publish national averages

nvm I found it

@Leo (BillNyeLand) inflation adjusted ?

what the fuck lmao

inflation adjusted unemployment 😂

nah min wage

And even the unemployment rate, real unemployment could be much higher

FRED charts are pretty good tho

They have everything

Yeah

And the minimum wage is inflation adjusted, unemployment rate is (of course) not

Adjust the unemloylentnfor inflation

I could have adjusted it for GDP per capita but this was complicated enough

🤔

<a:hyperthink:525138568025473034>

Don’t you think it hypocritical that in 2016 when Hillary bragged about how the unemployment rate was good, and trump said that unemployment rate is fake and doesn’t mean anything and that the real unemployment rate is 30-40%, but now that HES president he constantly brags about the unemployment rate

Yes

have you lost faith in democracy yet

Nah

Sometimes we need a taste of something new to learn more about what works and what doesn’t

what a shame

Honestly, I think it’s better that trump won, because otherwise you’d get accusations that the “elite” had rigged everything, which would probably have led to even more instability than Trump has somehow managed to accomplish