It is not the role of government to set prices of labor or products. If a company wants to pay less than market rate for labor they will find themselves without employees. By letting the market dictate the price of labor, wages certainly fall from the artifically high price now. But, that is the result of people willingly entering a contract for the lower pay. People choosing to work for some money instead of no money. People choosing to work to improve their lives instead of being supported by welfare.
Minimum wage removes the choice. Minimum wage infringes on your freedom of contract.
Minimum wage removes the choice. Minimum wage infringes on your freedom of contract.