I would add that the minimum wage is also reflected in the unemployment rates, for those groups whose labor does not command even that low wage. This[1] BLS page has a granular breakdown of unemployment rate by age, gender, and race. The highest aggregate rate is among the youngest group (16-17 year olds). I would love to see tons of low-skill, low-pay jobs for young people who are looking, but instead we see very high unemployment for those younger ages.

Also alarming is that the unemployment rate for young black men (16-17) is 45% right now.

[1] http://www.bls.gov/web/empsit/cpsee_e16.htm