In this work, we present an evolutionary (historical) perspective, and a theoretical one, on the minimum wage, contextualizing the issue of the legislative establishment of remuneration of labor in a more general one, which is the forced pricing. We present and refute the most common theories to defend the minimum wage, and then present the nature of it, i.e., its simplest legal expression. Finally, we conclude that the legislative intervention is unable to alter the economic laws that govern the formation of prices, and that only makes things worse for the situation of workers, in addition to be incompatible with the principles of the Rule of law, because it promotes inequality.
Martínez Rivera, J. (2016). Efectos y Naturaleza del Salario Mínimo. Revista Chilena De Derecho Del Trabajo Y De La Seguridad Social, 4(8), pp. 61–71. https://doi.org/10.5354/0719-7551.2013.42737
