Earlier quoted context omitted.
The "good argument" for having a minimum wage is that without it, wages will be pressured down , because every business on the planet wants wages as low as possible, and they generally have the means to achieve this. It has nothing to do with job creation: it's about having jobs that are not basically slavery. It's for job quality, not quantity. Besides, you're just assuming people should be employed at "fair market…
You're using an inadequate notion of what a "good argument" is in this context. You have not made an argument for why a price floor is necessary or desirable. I could just as easily say, "The good argument for having a maximum 'price of bread' is that without it, bread prices will be pressured up, because every bakery on the planet wants prices as high as possible, and they generally have the means to achieve it." Yo…
You could certainly just as easily say that, but there's an obvious reason why it isn't true: so long as there are multiple suppliers and it's possible to produce bread in quantities sufficient to more than supply the population, each supplier can benefit from undercutting the prices offered by the others and capturing a larger share of the market, and this drives down prices to relatively near the cost of production. (As for the case when it's not possible to produce enough bread, take a look at the history of rationing during wartime and why it existed.) This argument simply doesn't apply to the comment you're replying to.
