What Spencer found was that the teenage unemployment rate correlates much more strongly with the rate of adult unemployment than it does to hikes in the minimum wage.
So I ran a simple regression of the teenage unemployment rate as a function of two variables. One was the adult (over 35) unemployment rate and the second was the minimum wage. This is based on the premise that the adult unemployment rate captures the bulk of the business cycle impact on the teenage unemployment rate.Facts can be such pesky things when they disagree with your assumptions. Another in a long run of CONSERVATIVE FAIL.
What I found was that the adult unemployment rate accounted for about 87.5% of the teenage unemployment rate and the minimum wage accounted for only 12.5%.