How does minimum wage affect demand/supply and equilibrium?

The minimum wage has a substantial contribution to the supply, demand, and market equilibrium in the market. For instance, an increase in minimum wage will increase the labor, which people will be willing to supply. Moreover, the labor demanded by firms will decrease hence leading to an increase in unemployment. Secondly, setting the minimum wage above the market equilibrium will create a disparity in labor demand by firms and supply by individuals hence causing a surplus (unemployment). Moreover, a decrease in minimum wage decreases labor supply from individuals since they are discouraged from working at the current rates.