Minimum wages in Honduras have different impacts on workers depending on the size of the company they work for. In larger firms, a 1% increase in the minimum wage leads to a 0.29% increase in average wages but also a 0.46% decrease in employment. Public sector wages follow minimum wage trends but don't affect employment. Small firms and self-employed workers don't see changes in wages, but higher minimum wages may lead to more unemployment. Overall, higher minimum wages in Honduras can actually decrease total earnings for workers in larger firms, which suggests a need to rethink minimum wage policies.