Exactly. I think a case can be made that the world would be better off without wage floors. It is basically an unemployment program.

Tom Woods made such a good point about minimum wage laws: they punish the person least deserving of punishment.

We can infer that someone's employer literally made them the best offer, out of every other person on Earth. So, why are we going to that person and telling them they need to do more?

Undisciplined

econ

California Dreamin’: Minimum Wage Hikes Lead to Fewer Jobs and Higher Prices

The true naivety is believing you were ever more than a vote to a politician. That these are unintended consequences. That the politicians even care. They have no skin in the game. At least a business can lose customers and employees. They can suffer the consequences more directly. 