What the minimum wage?

Answer 1

The minimum wageThe minimum wage is the lowest amount an employer may pay an employee for working as measured by payment unit per time unit; equivalently in Economics, it is the lowest price a worker may charge for the sale of their labour.

This varies according to currency (for obvious reasons), the time period used (often hours, but sometimes days or months), and the legislation creating the specific minimum wage law.

For a list of current minimum wages (or explanation of the lack) see the related links.