minimum wage law

Lowest legal pay

A minimum wage law is legislation setting the lowest hourly rate employers may legally pay workers.

Such laws aim to ensure basic living standards for workers, though economists debate their effects on employment and business costs.

The federal minimum wage law hasn't kept pace with inflation.

Most countries and many states or localities have their own minimum wage laws.

Related

working poor · poverty · labor · earnings · federal · raise · livable · struggle · fast food · waitress · tipped workers · tips · overtime · employer · small business · protest · fight · floor

Categories
Opposites
labor market regulation

minimum wage lawat-will employment

Job without guaranteed duration

laissez-faire economics

wage direction

minimum wage lawsalary cap

Maximum team player spending

income cap

economic philosophy

minimum wage lawtrickle-down economics

Theory that enriching top helps bottom

supply-side economics · classical liberalism · anarcho-capitalism · Austrian economics · collective bargaining

Family

minimum, wage, minimal, minimize, minimization, minimalist, minimalism, minim, minima

Familiarity
Top 200,000
Profile
Timeless · Abstract · Everyday, not technical · Rated G