Difference between revisions of "Minimum wage"
(Created page with "Minimum wage is a price floor that makes it illegal for an employer to pay employees less than a certain hourly rate. ==Definition== According to Principles of Economic...") |
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Minimum wage]]. A price floor that makes it illegal for an employer to pay employees less than a certain hourly rate. | :[[Minimum wage]]. A price floor that makes it illegal for an employer to pay employees less than a certain hourly rate. | ||
| + | According to the [[HRBoK Guide]], | ||
| + | :[[Minimum wage]]. Least amount paid for work. The lowest hourly, daily, or monthly salary that employers must legally pay to employees or workers. | ||
| − | [[Category: Economics]][[Category: Articles]] | + | [[Category: Economics]][[Category: Articles]][[Category: Management]] |
Latest revision as of 21:01, 20 July 2020
Minimum wage is a price floor that makes it illegal for an employer to pay employees less than a certain hourly rate.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Minimum wage. A price floor that makes it illegal for an employer to pay employees less than a certain hourly rate.
According to the HRBoK Guide,
- Minimum wage. Least amount paid for work. The lowest hourly, daily, or monthly salary that employers must legally pay to employees or workers.
