Does the Minimum Wage Increase Worker Productivity? | Mercatus

Does the Minimum Wage Increase Worker Productivity? | Mercatus

An interesting chart appears in the piece...

The article links to the data used to compile the chart.

        Pulling that up and having the spreadsheet display the Least Squares Fit equations and R² values, I get:

Education	Slope	R2
No high school diploma (under 25)	0.4853	0.2175
No high school diploma (all ages)	0.4310	0.3596
High school diploma	0.1626	0.1121
College diploma	-0.0130	0.0028

So it turns out that if you have a high school diploma, you are less impacted by increases in the minimum wage than those who don't have such a diploma.  If you have a college diploma, you benefit from increases in the minimum wage. Maybe anyone with a college diploma who argues in favor of increasing the minimum wage should be viewed with suspicion. :-)