How Do You Spell MINIMUM WAGE?

Pronunciation: [mˈɪnɪməm wˈe͡ɪd͡ʒ] (IPA)

The correct spelling of the term "minimum wage" is /ˈmɪnɪməm weɪdʒ/. "Minimum" is pronounced with a short "i" sound as in "bin" and "mum" is pronounced with a schwa sound, like the "u" in "but". "Wage" is pronounced with a long "a" sound as in "gate" followed by a soft "j" sound. The minimum wage is the lowest amount an employer can pay an employee for their services. It is a crucial issue in many countries and often debated in the context of social justice.

Meaning and Definition
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MINIMUM WAGE Meaning and Definition

  1. Minimum wage refers to the lowest legal remuneration that an employer is required to pay to their employees for their labor, specified by the government or authorized labor authorities within a particular jurisdiction. It acts as a protective measure to ensure that workers receive fair compensation for their services and to prevent exploitation or the proliferation of extremely low wages.

    Typically, the minimum wage is established through legislation or regulations and may vary from country to country, and even within regions or sectors of a nation. It is commonly determined by considering various factors such as the cost of living, prevailing wage rates, economic conditions, and social considerations.

    The purpose of setting a minimum wage is to safeguard workers' rights and promote social equity by establishing a floor level of income that allows individuals to meet their basic needs, support themselves or their family, and live a decent life. It serves as a critical tool to protect vulnerable workers, particularly those in low-skilled or entry-level positions.

    Minimum wage laws can influence various aspects of the labor market, including wages, employment levels, and income distribution. Proponents argue that it helps reduce poverty, decrease income inequality, and stimulate consumer spending. However, critics contend that it may lead to job losses, reduced work hours, or increased prices for goods and services.

    Overall, minimum wage is a legally mandated baseline wage that sets a standard for compensation, playing a vital role in ensuring fair pay and improving the well-being of workers within a given jurisdiction.

Common Misspellings for MINIMUM WAGE

Etymology of MINIMUM WAGE

The word "minimum wage" is derived from the Latin word "minimu(m)" meaning "smallest, least", and the Old English word "wage" meaning "payment for work". The term emerged in the mid-19th century as a concept to define the legally established lowest amount that an employer must pay their employees for their labor.