The lowest hourly pay an employer is legally allowed to pay.
The federal minimum wage has been $7.25 an hour since 2009, and many states and cities set higher ones. Supporters say a higher minimum lifts workers out of poverty; critics worry it leads to fewer jobs or higher prices.
"The city raised its minimum wage to $17 an hour."
Filed under money and the economy in the glossary, with every word used on How I Lean.
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