The Minimum Wage In The United States

The minimum wage is defined as the lowest rate an employer can pay an employee per hour. In the United States, the minimum wage is determined by statute while in some Europeans countries like Germany, this wage come from a council of each industry. In the United States, the minimum wage varies from States to another and over time. For instance, according to the department of labor and employment, Colorado minimum wage was $ 8.00 in 2014 and becomes $9.30 in 2017. However, in California, the minimum wage was $9 in 2014 and in the same way become $10.50 now. Our average national minimum wage was $7.25 in 2014 and increased to $9.20 by Mai 2017. The graph in Fig. 1confirms that over the years, statistics reveled some increases of the minimum
wage. The Fig. 2 and 3 demonstrate the different in minimum wage in OECD countries.