Minimum Wage Laws are exploitative. They exploit the human rights of productive individuals in favor of non-productive individuals. They exploit the property rights of productive individuals in favor of the parasitic and predatory class.
The market always bids wages up for productive individuals as part of the competition for productive individuals.
The key understanding that needs to be recognized is that there has to be freedom of entry into the labor market. Lack of free entry into the labor market is a violation of human rights. Once there is free entry into the labor market goods and services will become less expensive, more plentiful, innovation will accelerate, and everyone's standard of living will increase.
Those who claim that minimum wage laws serve social justice are wolves in sheep clothing.
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