Minimum wage is a product of inflation. When wages keep debasing, people demand intervention. It's a stupid intervention, to be sure, but it's one that politicians can promote to get votes.

Unemployment is a product of wage controls. Little known about the Great Depression is how Hoover and Roosevelt both lobbied large companies to keep wages high. Wages need room to come down during downturns. Free markets need normal supply and demand, not artificial ones imposed by elites that think they know better.

Both of these things result in a more socialist policy where the government controls far too much of the economy and ruins it. In the end, the newly printed money creates these perverse incentives.