- 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 workers may be employed.A legal minimum wage is one mandated by government for all workers in an economy, with few exceptions. Privately negotiated minimum wages determined by collective bargaining apply to a specific group of workers in the economy, usually in specific trades or industries. The modern minimum wage, combined with compulsory arbitration of labour disputes, first appeared in Australia and New Zealand in the 1890s. In 1909 Britain established trade boards to set minimum wage rates in certain trades and industries. The first minimum wage in the U.S. (which applied only to women) was enacted by Massachusetts in 1912. Minimum wage laws or agreements now exist in most nations.
* * *wage rate established by collective bargaining or by government regulation that specifies the lowest rate at which labour may be employed. The modern minimum wage, combined with compulsory arbitration of labour disputes, first appeared in Australia and New Zealand in the 1890s. In 1909 Great Britain established trade boards to set minimum wage rates in certain trades and industries. The first minimum wage in the United States (covering only women) was enacted by the state of Massachusetts in 1912. The intent of these laws was to shorten hours and raise pay in the covered industries.Minimum-wage legislation or machinery for fixing minimum rates now exists in most of the nations of Latin America, Africa, and Asia, as well as in more industrialized countries.
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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
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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
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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