Did you read the article? Because it debunks exactly this simplistic argument. > The argument goes like this: Low-skilled labor is bought and sold in a market,

Did you read the article? Because it debunks exactly this simplistic argument. > The argument goes like this: Low-skilled labor is bought and sold in a market, just like any good or service, and its price should be set by supply and demand. > A minimum wage, however, upsets this happy equilibrium because it sets a price floor in the market for labor. > More people want jobs at $7.25 than at $6, but companies want to hire fewer employees. The result: more unemployment.