The minimum wage is the lowest remuneration that employers can legally pay their employees.

Most countries introduced minimum wage legislation by the end of the 20th century. 

Supporters of the minimum wage say it increases the standard of living and reduces poverty. Opponents say it increases poverty and unemployment because some low-wage workers will be unable to find work and become unemployed.

Because minimum wages increase the cost of labor, many companies try to avoid minimum wage laws by using gig workers, moving labor to locations with lower minimum wages or by automating job functions.

Source: Wikipedia

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