Describe the original rationale and purpose of the creation of a minimum wage. When did this happen and how many times has the rate been raised Why? is the rate raised at different times in our economic history. Were ethical considerations included in the decisions to raise the rates historically.

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A minimum wage A minimum wage is that the lowest remuneration that employers can legally pay their employeesthe base below which employees might not sell their labor Most countries had introduced pay ... View the full answer