>>915990... hmm okay
Well technically it's oppressive, in a truly socialist economy instead of Minimum Wage you should have a market determined wage gradient and welfare for when there is times of high unemployment.
Minimum Wage may keep people in the workforce but it also keeps the Means of Production well within the grasp of the capitalists/employers, if there was no minimum wage they would instead switch to state welfare which would make Minimum Wage no longer viable for the Capitalists forcing them to either shut down and destroying their Means of Production which they would be loath to do because that deprives them of revenue, or they can offer higher wages to lure workers away from welfare.
So now instead of a race to the bottom where Capitalists seek to pay the worker the least possible for their labors, they now are forced to offer more attractive wages.
It also improves general productivity when coupled with state welfare, because the undesirables are not economically viable as employees, they stay on welfare while productive and value adding employees are offered far higher-than-welfare wages, making as a multiple of total wages the revenue generated for capitalists a better ratio than if they raced to the bottom and accepted low-value-creating workers.
