Pronunciation: /ˈmɪnɪməm weɪdʒ/
noun a minimum amount of money that an employer is required by law to pay to an employee for work done
A1 The minimum wage is the lowest amount of money that employers legally have to pay workers.
A2 In some countries, the minimum wage is not enough to cover basic living expenses.
B1 There are ongoing debates about whether raising the minimum wage would help or hurt the economy.
B2 Studies have shown that increasing the minimum wage can reduce income inequality.
C1 Many argue that the minimum wage should be tied to inflation to ensure workers' purchasing power remains stable.
C2 Economists analyze the impact of changes in the minimum wage on employment levels and overall economic growth.
formal The government recently announced an increase in the minimum wage to help low-income workers.
informal I heard they're raising the minimum wage next month, which is great news for us.
slang Dude, did you hear they're bumping up the min wage? Finally!
figurative In the world of freelancing, your time is your minimum wage - make sure it's worth it.
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