John Schmitt lists 11 margins along which a minimum wage might cause changes in net pay and conditions:
- Reduction in hours worked (because firms faced with a higher minimum wage trim back on the hours they want),
- Reduction in non-wage benefits (to offset the higher costs of the minimum wage),
- Reduction in money spent on training (again, to offset the higher costs of the minimum wage),
- Change in composition of the workforce (that is, hiring additional workers with middle or higher skill levels, and fewer of those minimum wage workers with lower skill levels),
- Higher prices (passing the cost of the higher minimum wage on to consumers),
- Improvements in efficient use of labour (in a model where employers are not always at the peak level of efficiency, a higher cost of labour might give them a push to be more efficient),
- “Efficiency wage” responses from workers (when workers are paid more, they…
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Utopia, you are standing in it! 
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