The minimum wage is suppose to help people in the lower classes not be poor. But there are many disadvantages to it, 1st of all, it is anti-capitalist, and such a thing would not exist in Communism either, since wages do not exist in communism. Its just a regulation. If someone pays too low, then people can just not work there. If you are limited in options, you can just go on strike in a union of other workers until they either pay you back or do not have any employees. If everyone pays low, you can go to a communist group. The government must just be assuming that we are too stupid to decide what we can live off of. They, like all the time, are using paternalism to justify what they are doing so they can control us more. Its not “wrong”, but I think it has more bads than goods, another thing is it makes it harder for a startup to hire anybody and makes it so it is harder for them to gain momentum. This in turn causes for less jobs and higher unemployment (which government seems to care about). If they do need to hire some people for a minimum wage, then the goods start to cost more. Some of the things these people do are easy and probably do not require minimum wage to be done. Another thing, is that if people cost too much, then the employers are just going to hire people off-shore or use robots to do the work for them. This is just a regulation to try to stop unchecked capitalism. Unchecked Capitalism is good for people like me, but not for governments, so that’s why they try to stop it in my opinion.
Edit 27/09/2019 CE :
I am now an Anarcho-Communist, and see minimum wage as a way to keep the capitalist and power and make it look like the state is helping. The Minimum wage does not help workers in my opinion, the prices of things will just go up, as long as there is capitalism, there will be oppression.