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Is the minimum wage good for the economy overall?
The minimum wage protects workers from unethical businesses who want to underpay their workers.
A minimum wage discourages the formation of labor cartels as such a potential cartel can't reduce wages bellow the minimum.
In England, some companies hire self-employed delivery men to avoid the protection that the law imposes for employees. This caused extreme conditions that can lead to suicide (which is evidently not good to the economy) (
Disallowing workers who choose between low income and unemployment to earn low income (thus forcing them to unemployment) can hardly be called protection.
A minimum wage hides unethical businesses from prospective employees. Pay is one tool an employee can use to evaluate prospective employers.
If an employee agrees to work for the salary offered by the employer, then it is not an unethical exchange.