noun a minimum amount of money that an employer is required by law to pay to an employee for work done
The minimum wage is the lowest wage that employers are legally allowed to pay their employees. It is set by the government and is meant to ensure that workers are paid a fair wage for their labor.
Employers must comply with minimum wage laws to avoid legal repercussions and maintain a positive reputation as a socially responsible business. Paying employees a fair wage can also improve employee morale and productivity.
Minimum wage policies are a key component of government efforts to address income inequality and promote economic stability. Policymakers must consider the potential impact of changes to the minimum wage on businesses, workers, and the overall economy.
Minimum wage laws are designed to protect workers from being exploited by their employers. They help to establish a baseline level of compensation that all workers are entitled to receive.
Discussions about the minimum wage often center around issues of income inequality, poverty, and social justice. Advocates argue that raising the minimum wage can help lift workers out of poverty and reduce economic inequality.
In the writing industry, many entry-level positions pay minimum wage or slightly above it for freelance work or internships.
Some entry-level positions in psychology may pay minimum wage, especially for research assistants or positions in non-profit organizations.
Retail sales associates are often paid minimum wage as their base salary, with potential for commission or bonuses based on performance.
Fast food workers are commonly paid minimum wage as their hourly rate, with potential for overtime pay or increased wages based on experience.
Some customer service representative positions may start at minimum wage, especially in call centers or entry-level roles.