the lowest hourly wage
Impact on world
In the United States, statutory minimum wages were first introduced nationally in 1938
Effective January 1, 2015 there were 29 states with a minimum wage higher than the federal minimum.
Minimum wage jobs rarely include health insurance coverage, although that is changing in some parts of the United States where the cost of living is high
- Classical economics argues that raising the price of something results in a lower quantity demanded, in this case fewer workers.