What is MINIMUM WAGE?

An employer must pay an employee at least this lowest hourly rate. In the US and some other countries, minimum wage is set by law. In the UK and still other countries, the wage council of each industry sets this rate.

More On This Topic




Link to This Definition

Did you find this definition of MINIMUM WAGE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary