Figure 2: Regression of Minimum Wage on Employment Rate by Race
White Black Asian Hispanic
+ p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
(Intercept) 59.490*** 48.816*** 60.174*** 59.201***
(1.076) (2.041) (0.782) (2.039)
p = <0.001 p = <0.001 p = <0.001 p = <0.001
MinWage 0.140 0.876** 0.455*** 0.542*
(0.107) (0.204) (0.078) (0.203)
p = 0.217 p = 0.001 p = <0.001 p = 0.021
Num.Obs. 14 14 14 14
R2 0.124 0.607 0.739 0.372
RMSE 0.98 1.86 0.71 1.86