A Novel Defense Of Minimum Wage Laws

by Patrick Appel

Felix Salmon attempts one:

Without unions and minimum-wage laws, corporations compete on who can
pay the least. With them, they compete on who has the best employees
and they invest significantly in those employees. Which is exactly what
we want, especially since raising the minimum wage is unlikely in and of itself to increase unemployment visibly.

He expands on this thought here. I'd like to believe this, and it may be correct in some instances, but am not sure it's true for a...