Do minimum wage laws create a shortage or surplus in the labor market for low-skilled workers (those who do not have the education, training, or experience to obtain higher-paying jobs, such as teenagers)? State some of the intentions for implementing minimum wage laws. State at least two economic or social problems that minimum wage creates. Finally, based on the above, state whether you are pro or against minimum wage laws and explain why using at least one supportive argument. (7 points)