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Across the United States the issue of minimum wage, or "living wage" has become a hot topic.

Does an increase in the minimum wage lift all boats as in a rising tide?

Or, it is just another failed attempt by government to manage the economy?

Here's a telling chart from across the pond:

As the chart clearly shows as the minimum wage laws are enacted, unemployment rises often substantially.  Please note that youth employment is especially hit very hard by minimum wage laws.