Minimum wage is a price floor, and price floors are notorious for problems.
Quite simply a price floor is a policy that is instituted in order to protect the value of a good, however it only guarantees the price remains that low, it doesn't guarantee the good to be supplied. As the demand for labor increases, the supply will not grow as the market has no ability to adapt in the form of lower wages, causing inevitable unemployment, which leads to poverty and a host of other social problems.
Quite simply a price floor is a policy that is instituted in order to protect the value of a good, however it only guarantees the price remains that low, it doesn't guarantee the good to be supplied. As the demand for labor increases, the supply will not grow as the market has no ability to adapt in the form of lower wages, causing inevitable unemployment, which leads to poverty and a host of other social problems.