Minimum Wage Law

Minimum wage law sets the lowest hourly pay that employers can legally offer their workers. This law aims to ensure that all employees receive a basic standard of living from their work. It varies by country and sometimes by region within countries. Supporters argue it helps reduce poverty and boosts the economy by giving workers more spending power. Critics may claim it can lead to job loss or higher prices, as businesses might struggle to afford the mandated wages. Overall, minimum wage laws are an essential part of labor regulations aimed at protecting workers’ rights.