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Minimum wage is the bare minimum that you can pay people, most first world countries enforce a minimum wage. Conservatives like to argue that the minimum wage means that companies have to take on less staff if they can't afford to pay the minimum wage, although they forget that minimum being the bare minimum companies can pay is still a very low and it's only there to prevent companies from paying ridiculously small amounts to their employees, if the minimum wage was quite a high amount that it would obviously have a negative effect on the company.