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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 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 '''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/]