So far this article has examined the effects of the minimum wage on a global scale. There is still much disagreement about the effects of the minimum wage. In order to draw concise conclusions about the effects of the minimum wage, this paper will examine the German minimum wage legislation. Germany is the largest economy and has the fourth lowest unemployment rate in the Eurozone. Germany is also one of five countries that currently have higher employment rates than before the global financial crisis. Some economists argue that this is due to Germany's ability to keep labor costs to a minimum. To explore this further, it is worth looking at how Germany has previously approached minimum wage legislation. It is worth noting that Germany does not have a national minimum wage level, but rather numerous regional minimum wages depending on job needs. Wages in Germany include many different minimums determined subnationally, as minimum wages may differ in relation to different sectors or regions. Joachim Wagner, a leading German macroeconomic researcher, analyzed whether or not a wage curve, a negative relationship between wage level and employment rate, existed in German society from 1979 to 1990. Wagner limited the data to include only men Full-time working Germans, women at this time entered the workforce and were therefore omitted as a minority group, as well as measuring gross monthly earnings. Wagner's results showed that there was no significant evidence of a wage curve in Germany, but there was a stable wage in Germany regardless of unemployment data. Wagner's null hypothesis has never been rejected at the 5% level, which may indicate that there is a significant... middle of paper... January 201424. Smith, A. (1863), An iquiry into the nature and causes of the wealth of nations, JR M'Culloc, available at http://books.google.de/books?hl=en&lr=&id=pnItAAAAYAAJ&oi=fnd&pg=PR1&dq=adam+smith+wealth+of+nations&ots= GeSevWKCRb&sig =2uw9lvE3JydIniVZoXCYiGpY0Zk#v=onepage&q=adam%20smith%20wealth%20of%20nations&f=false, accessed January 17, 2014.25. Stigler, G. (1946), The Economics of Minimum Wage Law, The American Economic Review, Vol 36, No 3, pp358-365, available at http://www.jstor.org/stable/1801842, last accessed January 5, 2014.26. Wage Indicator (2013), Minimum wages in Germany 2013, http://www.wageindicator.org/main/salary/minimum-wage/germania, last accessed 5 January 2014.27. Wagner, J. (1993), German wage curves 1979-1990, available at http://www.sciencedirect.com/science/article/pii/016517659300367W, last accessed 10 January 2014.