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The minimum wage is a legally mandated price floor on hourly wages below which nonexempt workers can't work. The wage is set by the federal government and by states.
1. : living wage. 2. : the lowest wage paid or permitted to be paid. specifically : a wage fixed by legal authority or by contract as the least that may be paid either to employed persons generally or to a particular category of employed persons. Examples of minimum wage in a Sentence. Congress will vote on a bill to raise the minimum wage.
Minimum Wage. The federal minimum wage for covered nonexempt employees is $7.25 per hour. Many states also have minimum wage laws. In cases where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher of the two minimum wages.
The minimum wage is the lowest legal wage that companies can pay their workers. The purpose of minimum-wage laws is to prevent employers from exploiting workers. The minimum wage should provide enough income to afford a living wage, the amount needed to provide enough food, clothing, and shelter.
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. [2]
The federal minimum wage in the United States has been $7.25 per hour since July 2009, the last time Congress raised it. [45] Some types of labor are exempt: Employers may pay tipped labor a minimum of $2.13 per hour, as long as the hour wage plus tip income equals at least the minimum wage.
Minimum wages have been defined as the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract.
The federal minimum wage is $7.25 per hour. This rate applies to covered nonexempt workers. The minimum wage for employees who receive tips is $2.13 per hour. The amount of tips plus the $2.13 must reach at least $7.25 per hour.
the smallest amount of money that employers are legally allowed to pay someone who works for them: The new business couldn't afford to pay more than the minimum wage. The job paid minimum wage only. This ruling affects all workers on minimum wage. He's working in a fast food place, making minimum wage. Compare. living wage.
minimum wage, wage rate established by collective bargaining or by government regulation that specifies the lowest rate at which labour may be employed. The rate may be defined in terms of the amount, period (i.e., hourly, weekly, monthly, etc.), and scope of coverage.