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The '''minimum wage''' is the lowest wage that an employer may legally pay their workers. It is a [[socialist]] policy meant at manipulating labor wages in the private sector economy. Minimum wage laws are generally presented as being in the best interest of workers, as with the argument that if they can't pay you any less than a certain amount then you are guaranteed to get that amount. In practice, what employers really do is often simply not to hire you at all:

The '''minimum wage''' is the lowest wage that an employer may legally pay their workers. It is a [[socialist]] policy meant at manipulating labor wages in the private sector economy. Minimum wage laws are generally presented as being in the best interest of workers, as with the argument that if they can't pay you any less than a certain amount then you are guaranteed to get that amount. In practice, what employers really do is often simply not to hire you at all:

*The Employment Policies Institute, a business-friendly non-profit based in Washington, D.C., argues that “economic research has shown time and again that increasing the minimum wage destroys jobs for low-skilled workers while doing little to address poverty.” [http://blogs.forbes.com/moneybuilder/2010/02/24/seniors-pushing-young-adults-out-of-the-workforce/]

*The Employment Policies Institute, a business-friendly non-profit based in Washington, D.C., argues that “economic research has shown time and again that increasing the minimum wage destroys jobs for low-skilled workers while doing little to address poverty.” [http://blogs.forbes.com/moneybuilder/2010/02/24/seniors-pushing-young-adults-out-of-the-workforce/]

More than 90% of countries—most of which have unsuccessful economies—have minimum wage laws.  The minimum wage in the United States was most recently raised to $7.25/hr, on July 24, 2009. At this rate, a worker can earn at least $15,080.00 for the year based on a 40-hour work week, and more if he works overtime.  The minimum wage is higher in many states, such as [[New Jersey]], due to state minimum wage laws. The national minimum wage laws are based in the powers vested in Congress by the [[Commerce Clause]].  

More than 90% of countries—most of which have unsuccessful economies—have minimum wage laws.  The minimum wage in the United States was most recently raised to $7.25/hr, on July 24, 2009. At this rate, a worker can earn at least $15,080.00 for the year based on a 40-hour work week, and more if he works overtime.  The minimum wage is higher in many states, such as [[New Jersey]], due to state minimum wage laws. The national minimum wage laws are based in the powers vested in Congress by the [[Commerce Clause]].