Minimum wage refers the smallest wage an employee can make per hour for all hours he or she works on the job. For example, New York has a higher minimum wage than Maine, as the cost of living is higher in New York. …

Minimum wages are the set minimum amount that employers are expected to pay employees. Minimum wage laws make it illegal for employers to pay employees below the set minimum. The purpose or objective of minimum wage laws is to ensure that the compensation employees receive can afford them a decent life.

/ˌmɪn.ɪ.məm ˈweɪdʒ/ the smallest amount of money that employers are legally allowed to pay someone who works for them: The new business couldn’t afford to pay more than the minimum wage. The job paid minimum wage only. This ruling affects all workers on minimum wage.

Supporters of the minimum wage say it increases the standard of living of workers, reduces poverty, reduces inequality, and boosts morale.

Raising the wages of low-income workers will stimulate the economy; substantially lower the amount the country spends on social safety net programs such as SNAP; and reduce economic inequality, thereby unleashing additional economic growth in a period of recovery.

According to the report, increasing the federal minimum wage to $15 by 2025 will do a lot of good: Lift 900,000 people out of poverty. Raise income for 17 million people (one in 10 workers), to the tune of $509 billion over 10 years.

Among the disadvantages of increasing the minimum wage is the probable consequence of businesses increasing prices, thus fueling inflation. The 2019 CBO report estimates that raising the minimum wage to $15 an hour by 2025 would result in the loss of approximately 1.3 million jobs.

The minimum wage should provide enough income to afford a living wage. That is the amount needed to provide enough food, clothing, and shelter. Although the minimum wage protects workers from exploitation, it hasn’t kept pace with inflation.

Raising the federal minimum wage to $15 an hour would improve the overall standard of living for minimum wage workers. These workers would more easily afford their monthly expenses, such as rent, car payments, and other household expenses.

National View: Marginalized workers would suffer most from a federal minimum-wage hike. Biden’s proposed 107% increase in the federal minimum wage could wreak havoc on many workers, businesses, and families. Insufficient income bears the blame for all sorts of problems.

$7.25 per hour

$10

£8.91 an hour

Aged 16 to 18 The current National Minimum Wage rate for an apprentice is £4.30 per hour.

16 and 17-year-old minors enrolled in school may not work for more than nine hours in any one day, 40 hours in a school week, 48 hours in a non-school week, and six days in any one week.