0 the smallest amount of money that employers are legally allowed to pay someone who works for them: --
1 the lowest pay for an hour’s work that can legally be paid to a worker: --
2 the lowest amount that employers can legally pay employees: --
About 10.2 per cent of workers aged 16-24 and roughly 12 per cent of all parttime workers earned the minimum wage in 1999.
It is 5.5 % of the minimum wage or 2.2 % of the average wage, indexed to prices.
In particular, considerations of exploitation and freedom do not make a case for or against the minimum wage.
Given these difficulties, it should be no surprise that minimum wage has rarely kept pace with inflation.
The next year, when minimum wage rose from $.25 to $.30 an hour, three million more workers were covered.
However, while minimum wage rates were not applied elsewhere until 1963, from the late 1950s symptoms of unemployment became increasingly evident in other urban centres.
Is it true that the minimum wage conflicts with self-ownership and, if so, is this a major objection?
But an objection to the minimum wage might be developed from the values underlying freedom of contract.
