Changes

Like all market forces, wages are payed based on interactions between the supply curve (how much workers are willing to supply a particular type of labor at a certain wage) and a demand curve (how many workers of a particular type a firm is willing to hire at a particular wage). Wages are typically set at [[equilibrium]]. If a minimum wage is imposed that is above this equilibrium, it leads to structural [[unemployment]]. If a minimum wage is set below the equilibrium point, it is unlikely to affect that job's wage unless a complement or substitute job's equilibrium wage is less than the minimum wage (causing ripple effects throughout the related markets).

Like all market forces, wages are payed based on interactions between the supply curve (how much workers are willing to supply a particular type of labor at a certain wage) and a demand curve (how many workers of a particular type a firm is willing to hire at a particular wage). Wages are typically set at [[equilibrium]]. If a minimum wage is imposed that is above this equilibrium, it leads to structural [[unemployment]]. If a minimum wage is set below the equilibrium point, it is unlikely to affect that job's wage unless a complement or substitute job's equilibrium wage is less than the minimum wage (causing ripple effects throughout the related markets).

Minimum wages also distort the equlilibrium for non-wage benefits, potentially causing employers to provide less training, uniforms, opportunity for promotion, and pleasant working conditions, both as a way of offsetting their losses from the wage increase and because the excess labor supply from unemployment lowers the disincentive for turnover.  

Minimum wages also distort the equilibrium for non-wage benefits, potentially causing employers to provide less training, uniforms, opportunity for promotion, and pleasant working conditions, both as a way of offsetting their losses from the wage increase and because the excess labor supply from unemployment lowers the disincentive for turnover.  

==Political views==

==Political views==