Difference between revisions of "Minimum wage"
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Revision as of 06:17, April 11, 2007
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.