Can you Survive off minimum Wage?

According to the dictionary, the minimum wage is the lowest wage permitted by law or by a special agreement (such as one with a labor union).

The minimum wage was first introduced in the USA in 1938 whit the passing of the (FLSA) Fair Labor Standard; at the time of its passing minimum wage was set at $0.25 per hour; today, 81 years after it passed, the minimum wage stands at $7.25 per hour.

There was a time when most of the minimum workers were teenagers working for some pocket money, but today, unfortunately, that is no longer so.

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