a) prevents people who are happy to work for less obtain a job which is uneconomical at the minimum wage, or
b) it creates an effect similar to communism, where everyone doing a job at or below a certain value gets paid the same, no matter what the value of their work is.
This leads to the higher quality workers reducing their output, as they are only getting the paid the same as someone producing work of, for example, half the value of their own.
a) prevents people who are happy to work for less obtain a job which is uneconomical at the minimum wage, or
b) it creates an effect similar to communism, where everyone doing a job at or below a certain value gets paid the same, no matter what the value of their work is. This leads to the higher quality workers reducing their output, as they are only getting the paid the same as someone producing work of, for example, half the value of their own.