Definition of minimum wage
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.
First Known Use of minimum wage
Financial Definition of MINIMUM WAGE
What It Is
Minimum wage is the lowest hourly amount an employer may legally pay an employee.
How It Works
If an employer compensates employees on an hourly basis, that employer must pay the employee no less than the minimum wage. In the United States, the minimum wage is set by the federal government. The government periodically modifies the minimum wage to reflect rises in the general price level and cost of living.
Why It Matters
MINIMUM WAGE Defined for English Language Learners
Definition of minimum wage for English Language Learners
: an amount of money that is the least amount of money per hour that workers must be paid according to the law
Legal Definition of minimum wage
: a wage fixed by contract or especially by law as the least that may be paid either to employees generally or to a particular category of employees — compare scale
Seen and Heard
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