Seattle provides a practical example of minimum wages leading to losses in income and employment.
(Tom’s view: There are some jobs that are just not worth paying someone to do above a certain hourly rate. If you raise the minimum pay rate to over that amount, the jobs don’t get done and the person who would do them at the lower rate goes unemployed. That’s just common sense. Now, how you factor that against the requirement to earn sufficient to keep body and soul together in a modern metropolis and the propensity for greedy, unethical employers to take advantage of a no minimum wage scenario is an interesting question!)
https://fee.org/articles/seattles-minimum-wage-has-been-a-disaster-as-the-citys-own-study-confirms/