zlacker

> minimum wage helps people in employer markets

No.

Minimum wage helps software developers to take away jobs from low skilled workers (because it forces employers to automate low-paying jobs).

Most of workers are hurt by minimum wage limit. The higher minimum wage limit is - the more workers are hurt by it.

It does NOT matter if job market is "employer market" or "candidate market". The impact of "minimum wage limit" increase is the same: lower skilled workers lose their jobs to software developers and other higher skilled workers.

>>dennis+(OP)
Only the work of those who create value below minimum wage has to be automated. I agree with you that their jobs have to be automated by software developers, or restructured in another way. E.g. delivery or Uber drivers can earn less than minimum wage because they are often not paid for their time.

However, every other job can be continued. Why should people be fired if employers can still make a profit? Minimum wage is like a hidden union that ensures that unskilled workers don't outbid themselves.

>>southe+PR
> Why should people be fired if employers can still make a profit?

In the situation when employer is forced to pay more -- he, usually, would benefit more if he hires more qualified person (for that higher rate of pay). So less qualified (but cheaper) worker will be fired (or not hired in the first place, if you consider long-term effects of minimum wage increase).