wages should be dictated not by a central agency but by two people in mutual agreement... the concept of minimum wage is somehow, destructive to the economy as a whole. Minimum wage diminishes the chances of employment for inexperienced laborers from getting employment since the employers will be held liable against the labor code. in effect, it increases unemployment.
An increase in minimum wage benefits the productive workers but eliminates opportunities for those whose output cannot justify the minimum wage cost. We cannot simply look at this issue at one angle, because all of us are potential employees as well as potential employers. Businesses will simply lay off workers or exclude workers from employment, depriving them of an alternate route for success in the absence of formal education.