| − | '''Minimum wage''' refers to the lowest legal wage that an employer may pay their workers. More than 90% of countries in the world have minimum wage laws. | + | '''Minimum wage''' refers to the lowest legal wage that an employer may pay their workers. More than 90% of countries in the world have minimum wage laws. Conservatives tend to oppose increases in the minimum wage on the grounds that in a free market, the price of labor, like any other commodity, should be set by negotiations between the buyer and seller without undue interference from the state. |