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
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1. Find a place to live within walking or biking distance to your job and for less than half of your income. In this example, you'll want to look for a living situation where rent
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Technically, there is no minimum wage set by the government. In practice, the labor unions and employer organizations negotiate salaries, overtime compensations, annual leaves and
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For many years it has been a matter of conventional wisdom among ec...
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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 »
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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.
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