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The '''minimum wage''' is the lowest wage that an employer may legally pay their workers. 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 guarenteed 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 prices 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 in the world have minimum wage laws.   

More than 90% of countries in the world have minimum wage laws.   

Most countries have a minimum wage. The minimum wage in the United states was most recently raised to $7.25/hr, on July 24, 2009. At this rate, a person working a 40-hour week for 52 weeks a year at minimum wage earns $15,080.00 for the year.  The minimum wage is higher in many states, such as [[New Jersey]], due to state minimum wage laws.

Most countries have a minimum wage. The minimum wage in the United states was most recently raised to $7.25/hr, on July 24, 2009. At this rate, a person working a 40-hour week for 52 weeks a year at minimum wage earns $15,080.00 for the year.  The minimum wage is higher in many states, such as [[New Jersey]], due to state minimum wage laws. The national minimum wage laws are justified by the powers vested in Congress by the [[Commerce Clause]].

Increases in the minimum wage cause students to drop out of school in order to join the workforce, rather than continue their education for higher paying jobs in their future.<ref>http://www.house.gov/jec/cost-gov/regs/minimum/against/against.htm</ref>   

Increases in the minimum wage cause students to drop out of school in order to join the workforce, rather than continue their education for higher paying jobs in their future.<ref>http://www.house.gov/jec/cost-gov/regs/minimum/against/against.htm</ref>