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A statistical regression of the dataset shows that a $1 increase in minimum wage is correlated with a 1.40% increase in unemployment. Minimum wage explains 12.8% of the variation in unemployment. The correlation is significant at the 5% level.
A statistical regression of the dataset shows that a $1 increase in minimum wage is correlated with a 1.40 percentage point increase in unemployment. Minimum wage explains 12.8% of the variation in unemployment. The correlation is significant at the 5% level.
==References==
==References==