Well he did say the minimum wage can be harmful if above market wages. Lets say if the minimum wage was only $1, then in your scenario it wouldn't have been harmful
I don't care if its a penny. I should not be mandated to involve worthless fiat in my FREE association.
That's what minimum wage is all about... MANDATING GOVERNMENT FIAT, discouraging barter, discouraging labor trade in precious metals; propping up a debt based monetary system, and taxation of earnings.