Minimum wages are great for people already in the legal labor market. For people outside it, it creates incentives to find a way in (honestly or otherwise). For

Minimum wages are great for people already in the legal labor market. For people outside it, it creates incentives to find a way in (honestly or otherwise). For businesses, it can create incentives to find a way to get access to the less than entirely legal labor pool with a wink and a nudge for deniability. To be absolutely clear, a minimum wage is in no way a bad thing! It's just worth bearing in mind that incentives are complex things.