Minimum Wage or Unemployment Insurance?

Amitai: Despite all the flaws of a gig economy, it's been good at connecting people to jobs. If there were no good laws, employers might just exploit them he says. He asks why do minimum wages exist if they can be exploited by desperate workers who have little bargaining power? Amitai: There should be good reasons for price caps on medicine and rent control. But we're not looking after intent, but what will happen when you impose these things right?