minimum wage

Definition

Lowest hourly rate an employer can pay an employee. In some countries (such as the US) the minimum wage is set by a statute while in others (such as the UK) it is set by the wage council of each industry.

Popular 'Banking, Commerce & Finance' Terms

minimum wage in the news

Loading...

This content can be found on the following page:

http://www.businessdictionary.com/definition/minimum-wage.html

Search for another term



Tools

minimum wage is...

... in the Banking, Commerce & Finance, Corporate, Commercial, & General Law and Economics, Politics, & Society subjects.

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z