Minimum wage

Minimum wage
   The minimum rate that an employee can be legally paid is referred to as the minimum wage. The minimum wage law was first introduced in the United States in 1938 (at $.25 per hour), although the state of Massachusetts had declared a minimum wage for women and children as early as 1912. Other countries followed (France in 1950, Great Britain in 1999) and in Latin America, minimum wage laws were introduced in the 1960s as part of the Alliance for Progress. Each country determines its own minimum wage and establishes its own arbitration board to deal with enforcing the laws. In the United States, a federal minimum wage was set during the Clinton administration; individual states were allowed to set their own minimum wage above the federal level. In 2006, the current minimum wage in the U.S. was $5.15 per hour, a level that had not increased since 1998. In Britain, the minimum wage for workers between 18 and 21 years of age in 2006 was £4.45 per hour and for adults 22 and older, £5.35. In France, the 2006 minimum wage was 8.03€ per hour.

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  • minimum wage — n: a wage fixed by contract or esp. by law as the least that may be paid either to employees generally or to a particular category of employees compare scale Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • minimum wage — ➔ wage * * * minimum wage UK US noun [C, usually singular] ECONOMICS ► the lowest amount that employers can legally pay employees: »He earns the minimum wage of $5.50 an hour. above/below the minimum wage »30,000 workers were still being paid… …   Financial and business terms

  • minimum wage — n [singular] the lowest amount of money that an employer can legally pay to a worker ▪ Most of the junior office staff are on the minimum wage (=being paid the lowest legal amount) …   Dictionary of contemporary English

  • minimum wage — n. 1. a wage set by contract or by law as the lowest that may be paid to employees doing a specified job 2. LIVING WAGE …   English World dictionary

  • minimum wage — ► NOUN ▪ the lowest wage permitted by law or by agreement …   English terms dictionary

  • minimum wage — noun singular or uncount the smallest amount of money that an employer is legally allowed to pay a worker …   Usage of the words and phrases in modern English

  • Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… …   Wikipedia

  • minimum wage — the lowest wage payable to employees in general or to designated employees as fixed by law or by union agreement. [1855 60] * * * Wage rate established by collective bargaining or by government regulation, specifying the lowest rate at which… …   Universalium

  • Minimum Wage — The minimum amount of compensation an employee must receive for performing labor. Minimum wages are typically established by contract or legislation by the government. As such, it is illegal to pay an employee less than the minimum wage. The… …   Investment dictionary

  • minimum wage — noun the lowest wage that an employer is allowed to pay; determined by contract or by law • Hypernyms: ↑wage, ↑pay, ↑earnings, ↑remuneration, ↑salary * * * noun [singular] : an amount of money that is the least amount of money per hour that… …   Useful english dictionary

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