> as your objection to the existence of minimum wage laws demonstrates. Can we make the min wage $1000/hr? Why not? Once you understand why not, you must admit

> as your objection to the existence of minimum wage laws demonstrates. Can we make the min wage $1000/hr? Why not? Once you understand why not, you must admit there is a tradeoff between price floors and employment. The higher the min wage, the less people can produce that value, so they're unemployed. The CBO estimates around 1 million people will lose jobs as a result of a $15 min wage. Those people will certainly not be better off. And, if they're priced out of the job market, they will lose the opportunity to get work experience and move to higher wages, as virtually everyone that gets a job does. Almost no one has the same wage their entire life. If you think the value paid is unrelated to value added, then if a person could add a ton of value for the employer, more of those companies would spring up. Then as there is less people to employ, they have to compete for employees to absorb this free money you claim exists. Finally, the wages are forced to near the sustainable level for both sides. Look at some SEC filings for company profits versus salary paid to employees. Profits do not, per employee, support your claim.