General Ideas of Minimum Wage

-A minimum wage is the lowest hourly, daily or monthly wage that employers may legally pay to employees or workers.
-The costs and benefits of minimum wage laws are not fully understood, and are debated.
-Many supporters assert that the minimum wage is a matter of social justice that helps reduce exploitation and ensures workers can afford what they consider to be basic necessities. -Supporters deny that the minimum wage adversely impacts employment, or argue that such an effect is modest and outweighed by the social benefit derived from higher wages.
-Detractors contend that a minimum wage increases unemployment among low-wage workers, harming rather than helping the poorest workers. Some also argue that it slows economic growth.