On Tue, 27 Apr 2010 20:46:03 -0500, F. George McDuffee
wrote:
snip
I'll gen-up the same analysis for percent inflation v
inflation adjusted minimum wage, and offset the data to
discover any lag/lead effects. Remember no correlation
means there is nothing to explain and any attempt to do so
is simply more hot air and baffle gas.
snip

For those of us that give a $**t see
http://mcduffee-associates.us/PE/minwage-inf.xls

summary:
Added 28 April 2010 -- A XLS file of inflation data as un
adjusted CPI-U, delta from previous month, percent change
from previous month. Minimum wage data in CY$ and cpi-u
March 2010 CV$ , offset 0, 1, 3, and 6 months to detect any
lagging effects. Data by month for Dec 1949-Mar 2010. Not
all possible combinations were analyzed, but the month
number [to include the "march of time" effect] had at least
as large a correlation to "inflation" as either the CY$ or
CV$ minimum wage. Any correlations are minuscule, and it
can be concluded that minimum wage increases, within the
data set limits has no effect on the inflation rate.

Thus any attempt to posit a correlation between US inflation
rate, within the data set limits and an increase in US
minimum wage is simply so much hot air, as there is AT
MOST minimal correlation with second order effects.


Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).