> Minimum wage hurts most the very people it pretends to help: the least productive of us, who become unemployable legally.
How do you explain that the countries with the highest minimum wages also seem to have plentiful jobs and high performing economies? It seems that with your logic the should have large unemployed underclasses, but that doesn't seem to be the case.
Probably because already rich countries can afford to have high minimum wages in the first place. But many European countries with high minimum wages either by government fiat or because of strong unions have unemployment rates 2 or 3 times higher than the U.S. (e.g. Spain, Italy, Portugal, Sweden, France).
How do you explain that the countries with the highest minimum wages also seem to have plentiful jobs and high performing economies? It seems that with your logic the should have large unemployed underclasses, but that doesn't seem to be the case.