A minimum wage is the lowest remuneration that employers can legally pay their workers. As the number of the global poor continues to increase and inflation persistently rises, the debate on the minimum wage becomes more heated.

A few key issues are references in this debate. First is the issue of worker protection. Proponents of the minimum wage argue that it increases the standard of living of workers and protects them from exploitative companies who wish to underpay them. On the other hand, opponents argue that the free market will ensure the provision of just wages and a minimum wage leads to greater unemployment, harming more employees.

The second issue is of efficiency. Supporters of the minimum wage argue claim that a minimum wage increases worker efficiency by raising their motivation and providing them with the capital necessary to become better-skilled workers. Opponents argue that a minimum wage is likely to makes workers lazy. Apart from this are included other impassioned disputes about inflation and investment.

Will the free market be able to regulate itself? Does minimum wage significantly increase business costs? Is it way to motivate workers or make them lazy?