Minimum Wage

Minimum wage is the lowest legal amount that employers are required to pay their workers for hourly work. It aims to ensure a basic standard of living for employees, helping them afford essential expenses like food and housing. Minimum wage laws vary by country and region, and can change over time due to economic conditions and policy decisions. While supporters argue it helps reduce poverty and boosts the economy, critics say it can lead to higher unemployment or increased prices as businesses adjust to higher labor costs.