This report delves into the multifaceted concept of minimum wage, presenting a comprehensive overview of its definition and the core arguments both supporting and opposing its implementation. The arguments in favor highlight the potential for encouraging workers, fostering social stability, protecting workers, providing incentives, stimulating consumption, administrative ease, and increasing the standard of living. Conversely, arguments against minimum wage emphasize the potential for employer overreach, increased unemployment, and the potential for not improving living standards, discouraging education, and hurting small businesses. The report then provides a detailed case study of Malaysia, examining the implementation of minimum wage policies, the benefits observed, such as increased wages and contributions to employee provident funds, and the disadvantages, including potential price increases and a lack of increased productivity. The analysis concludes by offering a balanced perspective on the complexities of minimum wage policies and their varied impacts on economies and societies.