This video demonstrates that raising the minimum wage lowers unemployment. Special thanks to Thom Hartmann for doing the voice over for my video. The figures used in this video can be found here:
Bureau Of Labor Statistics (input the years you wish to view):
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LFS21000000
The Department of Labor History of the Minimum Wage:
http://www.dol.gov/ESA/minwage/chart.htm
Some links you may find relevant to the information discussed here:
Thom Hartmann:
http://www.thomhartmann.com/
Dr. Ravi Batra - Professor of Economics
http://www.ravibatra.com/
Fair Labor Standards Act of 1938:
http://en.wikipedia.org/wiki/Fair_Labor_Standards_Act
Guns And Butter Economic Model:
http://en.wikipedia.org/wiki/Guns_and_butter
Bretton Woods Financial System:
http://en.wikipedia.org/wiki/Bretton_Woods_system
1973 OPEC Oil Embargo:
http://en.wikipedia.org/wiki/1973_oil_crisis
A History Of Recession In The United States:
http://www.cnbc.com/id/20510977/
The Inflation of the 1970s:
http://econ161.berkeley.edu/Econ_Articles/theinflationofthes.html
1979 Energy Crisis:
http://en.wikipedia.org/wiki/1979_energy_crisis
Another Piece of the Puzzle. Worker to CEO compensation:
http://www.epi.org/content.cfm/webfeatures_snapshots_20060621
<< Back to article
