A minimum wage is the lowest amount that can be legally paid to an employee by an employer either per hour, day, or month in a particular state/province or country. This definition does not apply to the maximum limit that can be paid to an employee, it sets the ground rules for payment being that an employer cannot pay less than the legal minimum wage required. Or in another context, it could be said to be the lowest amount that is collectively negotiated by trade unions and/or social partners to be paid to employees in different job sectors usually recognized…
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