What is Minimum wage?
The '''minimum wage''' is the least amount of [[salary]] that [[employee]]s of a [[business]] can be paid. Around the world, the minimum wage is enforced as a [[law]] that every company must follow. If companies do not give their employees at least the minimum wage, the companies will be forced to pay an expensive [[fine]] for breaking the law. Minimum wage is a relative term. Different [[countries]] have different minimum wages. [[Nunavut]] in [[Canada]] has a minimum wage of $11.00 per hour. [[Ontario]], another place in [[Canada]] has a minimum wage of $10.25 per hour. Some people think the minimum wage should be raised, so poor [[worker|working]] people will have more [[money]] and enjoy more [[economic, social and cultural rights|human rights]]. Others think it is worse because the [[government]] will not have enough [[money]] to pay all the employees, so they will raise the taxes or raise the [[inflation]]. Some people think that the minimum will drastically hurt employees because [[companies]] only hire [[employee]]s whose [[Labour (economics)|labor]] is worth the [[price]] they are required to [[pay]]. They think that if the minimum wage is raised, then employees will lose their job because [[companies]] cannot afford to pay them the raised minimum wage. ==Related pages== * [[Constitution]] * [[Constitutional economics]] * [[Economic, social and cultural rights]] {{Employment}} {{stub}} [[Category:Macroeconomics]] [[Category:Employment law]]