Minimum wage behaves as a classical price floor on labor

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Minimum wage behaves as a classical price floor on labor. Standard theory says that, if set above the equilibrium price, more labor will be willing to be provided by workers than will be demanded by employers, creating a surplus of labor, i.e. unemployment. They force employers to make difficult decisions and tradeoffs. When government forces wages up, non-wage pay goes down: Workers get less paid time off, shorter breaks, higher insurance premiums, and fewer perks.
 Some workers lose their jobs. Some younger and less experienced workers never get hired at all. Yet, the pain is rarely spread around evenly.