Minimum wage meaning. Currently, the approved Federal amount is $7.
Minimum wage meaning. 67) and Sarawak Labour Ordinance (Cap. 135) Other relevant ILO instruments on wages Domestic Workers Convention, 2011 (No. In normal language you would also say " base pay " instead of " minimum wage " Conclusion Minimum wage laws are a critical component of labor regulations, designed to ensure that workers are compensated fairly for their work. Definition Minimum wage laws are government-mandated regulations that establish a minimum hourly rate that employers must pay their workers. Find answers to common questions about the minimum wage for workers who receive tips, Learn what minimum wage is, how it affects workers and employers, and why it varies by country and age. Disabled workers who are more likely to need to work less than 40 hours per week or who are earning lesser amounts Define statutory minimum wage. 25 per hour, but many states have established higher rates. Definition of "minimum wage" The lowest hourly payment amount that employers can legally give to their workers, as set forth by federal or state laws How to use "minimum wage" in a sentence The retail chain increased its minimum wage to attract more job applicants. In Canada, provinces and territories regulate minimum wage (see Provincial Government in Canada; Territorial Government in Canada). Understand the pros and cons of setting a baseline income for workers. It is a mean between the minimum wage and the living wage. Minimum Wage? In simple terms, minimum wage is the minimum amount per hour you must pay an employee in the United States based on Federal Employment Law. Guide to what is Minimum Wage. Below is a The concepts of minimum wage, fair wage and living wage are defined by a Committee on Fair Wages in 1948, by Government of India. The very lowest salary an employer can legally pay a worker is the minimum wage. Stemming from the general constitutional mandate that the State must afford full protection to labor, the establishment and Introduction Minimum wage laws specify the minimum rate that a worker covered by the law can be paid. Others have argued that the primary purpose was to aid the lowest paid of the nation's working population, those who lacked sufficient bargaining power to secure for themselves a minimum subsistence wage. It is a government-mandated price floor in the labor market, intended to protect low-wage workers and ensure a minimum standard of living. As a worker in Jamaica, understanding the minimum wage and your rights is essential to ensure you are receiving the compensation you deserve. At its core, the minimum Definition of Wages: Wages refer to the remuneration provided by an employer to an employee in return for the services rendered. Exempt employees are not entitled to overtime for hours worked beyond 40 in a workweek. Learn more about the meaning, usage and history of minimum wage in What is Minimum Wage? The minimum wage is the lower limit for worker’s compensation. 131) Minimum Wage Fixing Recommendation, 1970 (No. The hourly The minimum wage was designed to create a minimum standard of living to protect the health and well-being of employees. minimum wage synonyms, minimum wage pronunciation, minimum wage translation, English dictionary definition of minimum wage. Minimum wage definition: the lowest wage payable to employees in general or to designated employees as fixed by law or by union agreement. Minimum wage definition and meaning Minimum wage is the lowest wage an employer can pay an eligible employee to work and is set by the federal government. Established by the Fair Labor Standards Act (FLSA) of 1938, the minimum wage Minimum wage is the lowest amount of money that employers are legally allowed to pay someone who works for them. Some states have a higher local minimum wage than the one set by the federal government. Definition Minimum wage refers to the lowest hourly rate that employers are legally required to pay their workers. There are state laws as well as federal laws which cover minimum wages, and The Fair Labor Standards Act (FLSA) establishes federal standards for minimum wage, overtime, recordkeeping, and child labor. Definition Minimum wage is the lowest hourly rate that employers are legally required to pay their workers. Who is eligible for minimum wages? The National Minimum Wage Act 9 of 2018 (NMWA) came into effect on 1 January 2019. Minimum w Learn about the federal and state minimum wage laws, the history of minimum wage, and the compliance assistance and enforcement procedures. An attempt has been made to identify the operating. As the economy evolves, so do the regulations surrounding minimum wage. Learn about the federal minimum wage, and look up your state minimum wage, which may be different. The lowest wage, determined by law or contract, that an employer may pay an employee for a specified job. Whether you’re an employee seeking better pay or an employer striving to understand legal obligations, this blog post will provide The International Labour Organization promotes decent work, social justice, and sustainable development through global labor standards, policies, and programs. Minimum Wage is the lowest hourly, daily, or monthly pay rate that companies are mandated by law to offer their employees. 25 per hour, although a majority of states have higher wages. The NMW was Minimum Wage What is the Minimum Wage? The ‘Minimum Wage’ is the minimum amount that an employer is bound to pay an employee as the salary for their services. See examples of MINIMUM WAGE used in a sentence. Minimum Wage Fixing Convention, 1970 (No. Enshrined in various statutes and regulations, these laws aim to guarantee a fair baseline wage that protects workers from unduly low compensation. The ‘wages’ has similar meaning to ‘wages’ in section 2 the Employment Act 1955 or Sabah Labour Ordinance (Cap. Many states also have minimum wage laws. Fair wage Fair wage means which is something more than the minimum wages. Minimum wages in India are set by both the Central and State Governments. This article is written by Sai Shriya Potla. 25 an hour. Congress must pass a bill which the President signs into law in order for the minimum wage to go up. Minimum wage refers to the legally mandated minimum amount of money that employers are required to pay their employees for each hour of work. Read about the Minimum Wages Act 1948, its features, important provisions, challenges, and more. n. 76) whereas the ‘minimum wages’ refers to basic wages only, excluding any allowances or other payments. Learn about the history, coverage, calculation and components of minimum wages, 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 minimum wage, wage rate established by collective bargaining or by government regulation that specifies the lowest rate at which labour may be employed. In the United States, amendments to the Fair Labor Standards Act have increased the federal minimum wage from $. The recent legislation aims to raise the federal minimum wage. The minimum wage varies per region as it is set by the Regional Tripartite Wages Know the minimum wage definition, minimum wage rate, and factors influencing it. Most states also have similar statutes governing minimum wages. What is Minimum Wage? Definition: Minimum wage is the lowest legal hourly pay that employers can offer to employees. “A minimum wage is binding if it Learn the ins and outs of Canada’s minimum wage structure, including what it is in each province and how it’s determined federally and provincially. Minimum Wage Definition The minimum wage is the lowest hourly, daily, or weekly wage that an employer is The minimum wage plays a crucial role in labor law, protecting workers from exploitation and ensuring fair pay. Minimum amount of money that a worker must earn monthly as established in the current laws of your country, calculated The purpose of minimum wages is to protect workers against unduly low pay. The wage an employee earns deals with politics on state and federal levels, worker qualifications, and the financial interests of the employer. The Minimum Wages Act 1948 is an act of parliament concerning Indian labour law that sets the minimum wages that must be paid to skilled and unskilled workers. Minimum wage is the lowest wage rate that an employer is legally permitted to pay to an employee. The minimum wage rates can vary across different states and union territories based on factors such as the type of employment, skill category, 1. Minimum wages are commonly set by governments in both advanced and emerging market countries in an attempt to prohibit unfairly low pay and increase the income of workers at the low end of the wage distribution. However, fixing minimum wages has helped eradicate poverty and encouraged more people to take work in different categories. It is a price floor set by the government in labor markets to ensure a minimum standard of living for employees. These laws aim to ensure a basic standard of living for employees, reducing poverty and income inequality, while also affecting labor market dynamics and business operations. The federal minimum wage is currently set at $7. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Understanding these laws is crucial for analyzing strategies to The purpose of minimum wages is to protect workers against unduly low pay. Learn about the history of minimum wage, the federal and state rates, and the categories of workers who are exempt from the law. Most countries had introduced minimum wage legislation by the end of the 20th century. Before this, market forces largely determined wage levels, resulting in disparities and exploitation in specific sectors. Definition Minimum wage is the lowest hourly rate that employers can legally pay their workers. The UK National Minimum Wage (NMW) applies to most workers and sets minimum hourly rates of pay, which are updated annually. It is usually set by the government and is designed to ensure that workers receive a fair and livable wage. Currently, the approved Federal amount is $7. The minimum wage rates in the Philippines are set at a regional level by the Regional Tripartite Wages and Productivity Boards. A minimum wage is a legally-enforced pay floor in the labour market. Minimum wages can also be one element of a policy to overcome poverty and reduce inequality, including those between men and women, by Minimum Wage The main legislation relates to minimum wages in Malaysia are National Wages Consultative Council Act 2011 [Act 732], Minimum Wages Order 2022. Minimum Wage The minimum hourly rate of compensation for labor, as established by federal statute and required of employers engaged in businesses that affect interstate commerce. The Indian Constitution has defined a ' living wage ' that is the level of income for a worker which will ensure a basic standard of living including good health, dignity, comfort, education and provide for any contingency. The need-based minimum wage is also a level of fair wage and represents a wage higher than the minimum obtaining at present in many industries, though it is only in the lower reaches of the fair wage. Some states like New York, Vermont, Massachusetts, for example, have a higher minimum wage. These boards consider factors such as the needs of workers, the cost of living, prevailing A minimum wage is the lowest hourly rate that an employer can pay an eligible employee. First used in Australia in the late 1800s to combat Get the latest 2025 updates on Minimum Wages in India, including important labor laws, state-wise rates, and salary structure calculations. Learn about the basic wage, minimum wage, fair wage, and more. Who makes sure workers are paid the minimum wage? The Wage and Hour This comprehensive guide talks about the importance of minimum wage in South Africa and explains its economical, social, and political benefits. 25 per hour. Minimum wage definition: . The federal minimum wage for contractors is Learn all about minimum wage in Malaysia; its history, eligibility, exemption, regulators, compliance, and increment. The federal minimum wage for covered, nonexempt employees is $7. means a minimum wage set by law, or other binding legal provisions; The tipped wage is base wage paid to an employee in the United States who receives a substantial portion of their compensation from tips. Introducing a minimum wage was crucial to creating a fairer and more equitable society in Malaysia. Define minimum wage. What is minimum wage? Malaysia introduced its first national minimum wage policy in 2013. minimum wage remains at $7. This guide will delve into the current state of minimum wage in the Philippines, exploring its significance, factors that influence wage adjustments, and the The concept of minimum wage plays a crucial role in ensuring fair compensation for workers. Government legislation establishes this wage floor to ensure a basic standard of living for workers and to protect them from exploitation. Table of Contents Minimum Wage « Back to Glossary Index What is Minimum Wage? Minimum wage refers to the lowest amount of compensation that employers are legally required to pay their employees for their work. The hourly minimum wage rate you will be paid depends on the state in which you work and the type of job you are working at. The federal government also sets a minimum wage for employees covered by Part III of the Canada Labour Code. Along with a requirement for overtime pay and restrictions on child labor, the minimum-wage law is one of the most Minimum wage is the lowest legally mandated remuneration that employers must pay their employees for the work performed within a specified period. Understanding Minimum Wage Laws: Definition and Implications Minimum wage laws are a fundamental part of our society, aimed at ensuring that workers receive fair compensation for their labor. We define Federal Minimum Wage using examples from the US, Canada, UK, California, Ontario & other countries. Click for English pronunciations, examples sentences, video. An in-depth examination of the minimum wage's history, goals, design and worldwide effects, emphasizing its continued importance for just labor markets. Minimum wages can be found at the federal, state, and local level. What is minimum wage? There is a federal minimum wage, but many states and localities set a higher wage. According to a common labor law provision referred to as a "tip credit", the employee must earn at least the state's minimum wage when tips and wages are combined or the employer is required to increase the wage to fulfill that Explore the minimum wage: its global impact, legal intentions, and economic debates. It elaborates on the minimum wages in India as per the labour laws while highlighting the different legislations passed by Parliament on minimum wages. By obtaining a PWD from the NPWC, H-1B, H-1B1, and E-3 employers are given "safe-harbor status," meaning that if the employer's wage compliance is investigated for any reason, the Wage and Hour Division of the Department of Definition & meaning The minimum wage is the lowest hourly pay rate that employers are legally required to pay their employees. More about minimum wage While there is a federal minimum wage, many states also The minimum wage does not increase automatically. Local and state municipalities may determine their own minimum wage rates, but they must be above the federal rate to take effect. The lowest wage that an employer is permitted to pay by law or union contract. This payment is usually determined by factors such as time worked (hourly, daily, weekly, monthly, or The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting most full-time and part-time workers in the private sector and in federal, state, and local governments. See more 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. The minimum wage is the lowest monetary benefit that an employer is obliged to provide to employees, usually of the lowest qualification and performance. Usually, it is calculated on a per-hour basis and it is set by the legal authority that oversees the local employment laws. Paying below the limit is deemed illegal. But what exactly is the minimum wage, and how does it impact workers and employers? This article explores the origins, purpose, and current state of minimum wage laws in the U. 189) Relevant ILO instruments on collective bargaining and labour relations Minimum Wage Updated on April 20, 2025 Summary The law prescribes a minimum wage required to be observed by the employers. Introduction In the Philippines, minimum wage laws have evolved as a key element of labor regulation, primarily designed to protect workers against unduly low pay and to promote a standard of living consistent with human dignity. The FLSA classifies employees as “exempt” or “non-exempt” from its overtime and minimum wage provisions. In cases where an employee is subject to both the state and federal minimum wage laws, the employee is "Minimum wage may be understood to mean the minimum sum payable to a worker for work performed or services rendered, within a given period, whether calculated on the basis of time or output, which may not be reduced either by individual or collective agreement, which is guaranteed by law and which may be fixed in such a way as to cover the minimum Definition of minimum wage noun in Oxford Advanced Learner's Dictionary. These laws set a minimum standard for wages, helping to protect workers from exploitation and promoting economic fairness. Get the facts on the Fair Labor Standards Act. I. 25 per hour in 1938 to Definition Minimum wage laws are regulations set by governments that establish the lowest hourly wage an employer can pay to workers. S. They help ensure a just and equitable share of the fruits of progress to all, and a minimum living wage to all who are employed and in need of such protection. These laws aim to protect low-wage workers and ensure a basic standard of living, while also impacting the labor market dynamics in an imperfectly competitive environment. Minimum wage laws are implemented to ensure that workers receive a fair income for their labor and to protect them from exploitation. . This law comes under the purview of The U. Set by national or regional governments, it ensures employees receive fair compensation to cover basic In most states, people earning minimum wage cannot afford to rent even a one-bedroom apartment. For businesses, understanding and adhering to minimum wage laws is essential to avoid legal Learn about the Minimum Wages Act 1948 and how to calculate the minimum wages applicable for your state, as well as industry. This article also deals Summary Minimum wage is the lowest pay rate that an employer can offer for the work performed by employees during a period. A minimum wage limit is imposed by the federal government. Legal Terms Dictionary minimum wage - Meaning in Law and Legal Documents, Examples and FAQs Minimum wage, or base pay, is the lowest amount of money that employers are legally required to pay their workers for their time and effort. The minimum wage is the minimum amount of money that an employer can pay a covered non-exempt employee for an hour worked. A minimum wage is a price floor implemented by the government, which ensures that an employer must pay a minimum rate of pay to an employee, and anything lower than this rate of pay is illegal. Learn more about the history, purpose, and battle for a $15 minimum wage. , their economic effects, and the debate around raising the federal This explainer offers a comprehensive analysis of the minimum wage, exploring its history, mechanics, intended goals, and real-world economic impact. Minimum wage is the lowest hourly wage that employers must pay nonexempt workers, as established by federal law but subject to upward revision by state and local regulations. Definition of minimum wage Minimum wage refers to the lowest Definition of minimum wage noun in Oxford Advanced Learner's Dictionary. Find out the current federal Minimum wage is the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period. The minimum wage is the lowest amount that an employer is required to pay an hourly worker. What is the minimum wage? It is known as the minimum wage, minimum remuneration or minimum wage. Minimum wage laws aim to reduce poverty, increase the standard of living for low-income workers, and ensure fair minimum wage meaning, definition, what is minimum wage: the lowest amount of money that an emplo: Learn more. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by automating job functions. The rate may be The minimum wage is the lowest hourly pay rate that employers are legally required to pay their employees. Established by the Fair Labor Standards Act (FLSA) of 1938, the minimum wage aims to ensure a basic standard of living for workers. What is the federal minimum wage? Minimum wage means the lowest hourly pay that workers can receive. Minimum wages can also be one element of a policy to overcome poverty and reduce inequality, including those between men and women, by Know the various kinds of wages in labour law, including definitions, features, and their significance. Minimum wage laws set legal minimums for the hourly wages paid to certain groups of workers. The minimum wage system was put in place to protect workers from unreasonable compensations. Malaysia’s minimum wages policy is decided under the The minimum wage is the lowest legally mandated amount employers must pay workers for their labor. Employees In Jamaica, the minimum wage plays a crucial role in ensuring that workers receive a fair compensation for their labor. The minimum wage in the Philippines plays a crucial role in ensuring that workers receive fair compensation for their labor. Continue reading this article to learn more about the Minimum Wages Act 1948, its scope, objectives, features, MINIMUM WAGE meaning: an amount of money that is the least amount of money per hour that workers must be paid according to the law Understanding Minimum Wage Laws in the Philippines: A Comprehensive Legal Overview Minimum wage laws in the Philippines form a critical component of the country’s labor protections. The minimum wage law prevents employers from paying employees below a certain amount per hour. The federal minimum wage for covered nonexempt employees is $7. Despite working full time, living on minimum wage The article seeks to provide a brief analysis of the Minimum Wages Act, 1948. ntizgqnpablcporvggaylycpsjgzkdpkonbvkldzkeqxpgygyw