Concept information
Preferred term
minimum wage
Definition
- MINIMUM WAGE IS A government intervention in the labor market that does not allow employers to pay a wage below a set minimum. This applies even if both the employer and employee want to agree to a wage below the legal minimum. [Source: Encyclopedia of World Poverty; Minimum Wage]
Narrower concepts
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/minimum_wage
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