Minimum Wage Salary

Context:
- It can range from being a Farm-Work Minimum Wage to being a Non-Farm Minimum Wage.
- It can be paid for a Minimum Wage Job (to a minimum wage worker).
Example(s):
Counter-Example(s):
See: Poverty, Blue Collar Worker, Government Regulation.

References

http://en.wikipedia.org/wiki/Minimum_wage
- A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labor. Although minimum wage laws are in effect in many jurisdictions, differences of opinion exist about the benefits and drawbacks of a minimum wage.
  Supporters of the minimum wage say that it increases the standard of living of workers, reduces poverty, reduces inequality, boosts morale and forces businesses to be more efficient.^[1] Opponents say that if it is high enough to be effective, it increases unemployment, particularly among workers with very low productivity due to inexperience or handicap, thereby harming less skilled workers and possibly excluding some groups from the labor market; additionally it may be less effective and more damaging to businesses than other methods of reducing poverty.^[2]

http://www.theatlantic.com/business/archive/2013/09/how-americas-minimum-wage-em-really-em-stacks-up-globally/279258/
- Thankfully for us, economists have come up with a concept that lets us adjust exchange rates to account for the differences local prices. It's called “purchasing power parity," or PPP. When applied to minimum wages around the world, it tends to even out the differences, a bit. … So to review: when you take buying power into account, the U.S. minimum wage stacks up a bit better compared to other rich countries.

(Schmitt, 2013) ⇒ John Schmitt. (2013). “Why Does the Minimum Wage Have No Discernible Effect on Employment?." Center for Economic and Policy Research (CEPR).
- QUOTE: The employment effect of the minimum wage is one of the most studied topics in all of economics. This report examines the most recent wave of this research – roughly since 2000 – to determine the best current estimates of the impact of increases in the minimum wage on the employment prospects of low - wage workers. The weight of that evidence points to little or no employment response to modest increases in the minimum wage.

(Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/minimum_wage Retrieved:2016-10-13.
- A minimum wage is the lowest remuneration that employers may legally pay to workers. Equivalently, it is the price floor below which workers may not sell their labor. Although minimum wage laws are in effect in many jurisdictions, differences of opinion exist about the benefits and drawbacks of a minimum wage. Supporters of the minimum wage say it increases the standard of living of workers, reduces poverty, reduces inequality, boosts morale and forces businesses to be more efficient. In contrast, opponents of the minimum wage say it increases poverty, increases unemployment (particularly among unskilled or inexperienced workers) and is damaging to businesses, because excessively high minimum wages require businesses to raise the prices of their product or service to accommodate the extra expense of paying a higher wage.