Keyword Analysis & Research: minimum wage definition

investopedia.com

https://www.investopedia.com/terms/m/minimum_wage.asp

WebJan 5, 2024 · Key Takeaways. The minimum wage is a legally mandated base pay for nonexempt hourly workers. The federal minimum wage in the United States as of 2024 is $7.25 per hour. States and...

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merriam-webster.com

https://www.merriam-webster.com/dictionary/minimum%20wage

Web1. : living wage. 2. : the lowest wage paid or permitted to be paid. specifically : a wage fixed by legal authority or by contract as the least that may be paid either to employed persons generally or to a particular category of employed persons. Examples of minimum wage in a Sentence. Congress will vote on a bill to raise the minimum wage.

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thebalancemoney.com

https://www.thebalancemoney.com/us-minimum-wage-what-it-is-history-and-who-must-comply-3306209

WebMar 29, 2022 · The minimum wage is the lowest legal wage that companies can pay their workers. The purpose of minimum-wage laws is to prevent employers from exploiting workers. The minimum wage should provide enough income to afford a living wage, the amount needed to provide enough food, clothing, and shelter.

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ilo.org

https://www.ilo.org/global/topics/wages/minimum-wages/definition/WCMS_439072/lang--en/index.htm

WebMinimum wages have been defined as “the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract”. 1 This definition refers to the binding nature of minimum wages, regardless of the method …

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dol.gov

https://www.dol.gov/general/topic/wages/minimumwage

WebHome. Wages. Minimum Wage. The federal minimum wage for covered nonexempt employees is $7.25 per hour. Many states also have minimum wage laws. In cases where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher of the two minimum wages.

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wikipedia.org

https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States

WebMinimum wage increased to $8.50 on January 1, 2022, with subsequent increases for all employees covered by the FLSA as follows: $9.50 on July 1, 2023; $10.50 on July 1, 2024

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usa.gov

https://www.usa.gov/minimum-wage

WebDec 6, 2023 · The federal minimum wage is $7.25 per hour. This rate applies to covered nonexempt workers. The minimum wage for employees who receive tips is $2.13 per hour. The amount of tips plus the $2.13 must reach at least $7.25 per hour. If not, your employer must pay to make up the difference. definition

definition

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wikipedia.org

https://en.wikipedia.org/wiki/Minimum_wage

WebA minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. [2] .

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dol.gov

https://www.dol.gov/agencies/whd/minimum-wage

WebOverview. The federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA). The federal minimum wage is $7.25 per hour effective July 24, 2009. Many states also have minimum wage laws. Some state laws provide greater employee protections; employers must comply with both.

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ilo.org

https://www.ilo.org/global/topics/wages/minimum-wages/definition/lang--en/index.htm

WebMinimum wages have been defined as the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract.

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