On the Minimum Wage

I have pointed out many times that whenever in my lifetime the minimum wage has gone up, unemployment has gone down.

Now, I have read something to confirm it. "A new report from the Center for American Progress and Policy Matters Ohio finds that the '11 states with a minimum wage above the federal minimum of $5.15 per hour had higher rates of small business growth between 1997 and 2003.'"

Further: "In states with minimum wages above the federal minimum...small business employment grew by 9.4 percent, while states with the federal minimum wage grew by only 6.6 percent. 'Inflation-adjusted small business payroll growth' the report also found, 'was stronger in high minimum wage states (19.0 percent) than in federal minimum wage states (13.6 percent)....'"

I have been proven right. The real world does have a way of debunking ivory tower theories, doesn't it?