The Minimum Wage increases unemployment

Comrades, this has been on my neck for quite a few weeks now, already showed pic related chart but they just say it's biased. I also showed trading economics Min. Wage and Unemployment statistics for the US but still they dismiss it. They said what if the Minimum wage was $100000000000/per hour would it had no effect on unemployment then?

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cepr.net/documents/publications/min-wage-2013-02.pdf
nber.org/papers/w19262.pdf
nber.org/papers/w20724.pdf
sciencedirect.com/science/article/pii/0014292195000356
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Your mistake was in believing that they're rational, rather than dismissing it because they love boss cock.

You can't argue against idiots, just bash them in the face or move on

It's pointless to try to convince somebody who spouts bs like that, but if somebody else is listening to that conversation, that's a person you might convince.

Next time you hear that, you tell that person: One day you will be alone and lost in a desert. Your skin will become so dry it cracks. You will black out.

You open your eyes again. There is a man. That man tells you: "If you drink too much water you die." And he leaves.

Actual comprehensive research shows the min. wage has almost no effect on employment.
cepr.net/documents/publications/min-wage-2013-02.pdf

Although it's useful to note that OP's graph is not really relevant because 1. states have different min. wages; 2. there are a ton of factors affecting unemployment that are not related to wages; 3. you can't really observe useful correlations from a graph like that.

An employer can't pay their employee above the value that employee makes, their productivity, right? So if the worker produces with his labor a value of less than $100000000000/hour than the hourly wage can't be that high, or else the employment of that worker is loss-generating. But the reason min. wage doesn't usually have effect on employment is exactly because low-wage workers almost always earn far below their productivity. The neoliberals think min. wage increases unemployment because they disagree with that claim and think your wage depends on your productivity, meaning that they think your productivity is only slightly higher than your wage and thus there's not much room for you to get a raise. But in reality what happens is that low-wage workers are low-wage not because they have such low productivity but because they're more exploited than usual, which means there is room for them to get a raise. Some who makes $1000000000000/hour probably doesn't produce that much more than they earn because that's just too much money. But I bet even a burger flipper is worth more than $15/hour for their employer.

I dunnoh if that's really helpful because it doesn't sound like the sort of shit OP seems to be talking about. But it is the truth, so there's that.

I don't get it.

Tell them to learn their macros

You can't draw any conclusions from that graph because it doesn't account for other variables.

Doesn't a higher min wage make labor more expensive, motivating companies to outsource those jobs? Indeed, if there was a global min wage, what you're saying would be absolutely true, but multinational corporations aren't stuck in the US. This is probably why the US has increasingly become a service economy.

1) Jonathan Meer & Jeremy West, 2016. "Effects of the Minimum Wage on Employment Dynamics," Journal of Human Resources, University of Wisconsin Press, vol. 51(2), pages 500-522. Conclusions: the minimum wage reduces job growth over a period of seven years, a 10% permanent increase in the real minimum wage reduces employment by about 0.7% after three years and reduces job growth by about 0.3% annually.
nber.org/papers/w19262.pdf

2) Vedder, Richard and Gallaway, Lowell, (2002), The Minimum Wage and Poverty among Full-Time Workers, Journal of Labor Research, 23, issue 1, p. 41-49. Conclusions: the empirical evidence is strong that minimum wages have had little or no effect on poverty in the U.S. Indeed, the evidence is stronger that minimum wages occasionally increase poverty. It also suggests that the minimum wage does not even lower poverty for the one group that, almost by definition, one would expect to be helped: full-time, year-round workers. While the empirical results suggest minimum wages do not achieve what is ostensibly their primary goal — relieving poverty among the working poor — minimum wages do seem to impose a real cost on society in terms of lost income and output. The empirical evidence on work hours suggests that a $1 increase in the minimum wage, far from being almost costless, could conceivably impose income losses to American workers in the $12-15 billion range per year — an amount equal to the “income deficit” of millions of persons counted as poor by the U.S. Bureau of the Census.

3) Jeffrey Clemens & Michael Wither, 2013. "The Minimum Wage and the Great Recession: Evidence of Effects on the Employment and Income Trajectories of Low-Skilled Workers". Conclusions: over the late 2000s, the average effective minimum wage rose by 30 percent across the United States. We estimate that these minimum wage increases reduced the national employment-to-population ratio by 0.7 percentage point.
nber.org/papers/w20724.pdf