Minimum wage is a topic that will be debated about until the end of time; those in charge of paying employees will always wish their labor costs were lower and those that work for minimum wage will always fight for an increase in the amount they get paid. Neither side will be satisfied and that means for as long as there will be employers paying employees and employees working for employers that a minimum wage debate will always be around, which will pretty much be forever.

The reason why there's such a thing as minimum wage when it comes to reception jobs with a dentist office such as Infinity Dental Group or fast food customer service jobs at White Castle so that the working class are provided with a way to afford a decent standard of living, while also playing a part in reducing poverty and a minimum wage also makes businesses become more efficient in the way they manage their operations and finances.

You probably know already that the minimum wage is the lowest hourly, daily or monthly amount an employer is obligated to pay their employees for the labor they provide them, be it mowing lawns or stocking movies. What you might not know is who sets the minimum wage and how that figure is reached. The simple answer to that is governments are in charge of setting what the minimum wage should be.

The longer answer is that in some countries the minimum wage is set by the federal government, meaning there's a set minimum wage for all employees in that country, whether they work in the medical industry or are a part of the metal industry. Examples of countries with federally set minimum wages are Algeria, Bulgaria and Ghana. While other counties such as the United States and Canada have differing state and province or territory wide minimum wages.

Although there is a federal minimum wage rate in the US based on the Fair Labor Standards Act that sets the federal minimum wage rate at $7.25/hour. However, since states have the ability to set their own minimum there are places where you can work for more than the federal minimum wage in the US, such as in Oregon ($8.80) and Washington ($9.04). In Canada the minimum wage rates range from $9.27 (Yukon) to $10.25 (British Columbia and Ontario). Then there is also special minimum wage rates for certain jobs and industries such as liquor servers ($9 in B.C.) or construction workers ($12.65 in Manitoba).

Now that you know why minimum wage is important and who sets the minimum wage you can go back to discussing why other employees doing the same job make so much more money..




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