FORMULA FOR INCREASING UNEMPLOYMENT - INCREASE THE MINIMUM WAGE !!!

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Sorry, Paul Krugman, the minimum wage won’t magically cure poverty.
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 http://vlt.tc/20ip  
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 “In a National Bureau of Economic Research paper published last December, University of California-San Diego professors Jeffrey Clemens and Michael Wither found that increases in the minimum wage were responsible for 14 percent of the decline in the percent of the working-age population employed between 2006 and 2012. 
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Minimum-wage increases significantly reduced the probability of low-skill workers reaching the middle class. 
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Clemens and Wither looked at the change in the minimum wage across states that had different minimum-wage laws... 
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The professors found that a minimum wage increase substantially reduced employment. By the second year after the 7.25 minimum wage, the authors estimated that employment of low-skill workers had declined by 6 percentage points, or 8 percent more in states with the binding federal minimum wage than in states with a higher minimum wage.

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MORAL:  

IF YOU WANT TO REDUCE EMPLOYMENT, RAISE THE MINIMUM WAGE !!!