Some economist suggest that the minimum wage imposes a wage floor that
prices cheap labor out of the market, reducing the pool of low-wage jobs.
Daniel Mitchell of the Cato institute a libertarian think tank, suggests that
"businesses are not charities and that they only create jobs when they think
a worker will generate net revenue". Sound like the WT...
If an employer needs someone to perform odd jobs, and he values the work
at $8.00 per hour, he will not hire a person if the minimum wage is $15.00 per
hour, thus keeping unemployment in low-wage brackets higher than it would
otherwise be.