Note: About 20 minutes in I say that the demand for labor is lower because it's lower priced, but I meant to say it's lower because the price is higher.
Today, I saw a meme from the EPI (Economic Policy Institute) about the minimum wage, which is so old, I recall having seen it back around 2012 or 2013. This was before I had ever learned anything about economics, or ever considered myself a libertarian, and I remember, even back then, thinking that this meme immediately struck me as incorrect.
I decided to examine that meme again, due to it circulated again.
Here is the BLS data that I used for comparison: https://www.bls.gov/opub/reports/minimum-wage/2019/home.htm
Here is the table for the age data:
Here is the meme I am referencing:
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