MINIMUMWAGE

Minimum wage

A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labor. Although minimum wage laws are in effect in many jurisdictions, differences of opinion exist about the benefits and drawbacks of a minimum wage.

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minimum wage

Noun

 usually singular only
  1. The lowest rate at which an employer can legally pay an employee; usually expressed as pay per hour.


The above text is a snippet from Wiktionary: minimum wage
and as such is available under the Creative Commons Attribution/Share-Alike License.

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