Thursday, February 27, 2014

NEWT GINGRICH: Two charts on minimum wage.

Of the 9 countries with miminum wage laws, the average minimum wage is $9.43, and unemployment rate is 13.8%). Of the 9 countries in Europe with no minimum wage, the average unemployment rate is 6.3% (throw out Italy, the outlier, and the average unemployment rate drops to 5.6%).

Case closed.

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