Why is Minimum Wage Important?

Answer

Minimum wage is important because it ensures that all working persons have a minimum standard of living. Many argue that the minimum wage is too low to live on in many places and should be raised to a so-called 'living wage' and indexed to inflation.
Q&A Related to "Why is Minimum Wage Important?"
Minimum wage is the lowest wage that an employer is allowed to pay, determined by contract or by law. The Department of Labor has input, but it is Congress that sets the amount, factoring
http://www.ehow.com/about_6704990_minimum-wage-imp...
For many years it has been a matter of conventional wisdom among ec...
http://www.chacha.com/question/why-is-minimum-wage...
no slave labor
http://wiki.answers.com/Q/Why_minimum_wage_was_cre...
For over 100 years, the Australian government and its people have supported the concept that the minimum wage paid to an unskilled employee should be based on the economic needs of
http://www.quora.com/Why-is-Australias-minimum-wag...
2 Additional Answers
Ask.com Answer for: why is minimum wage important
Why is Minimum Wage Important?
Minimum wage is the lowest wage that an employer is allowed to pay, determined by contract or by law. The Department of Labor has input, but it is Congress that sets the amount, factoring in cost of living and area. This amount is established by what a... More »
Difficulty: Easy
Source: www.ehow.com
Minimum wage is important because it prevents companies from taking advantage of workers by paying substandard wages and it helps working families get by without needing assistance.
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com