minimum wage floor
nounUK /ˈmɪnɪməm weɪdʒ flɔː/
US /ˈmɪnɪməm weɪdʒ flɔːr/
The lowest amount of money a worker can legally be paid per hour.
The minimum wage floor was raised to help low-income workers earn more.
OTHER MEANINGS
2. A guaranteed lower limit on wages set by law or agreement.
The union negotiated a minimum wage floor for all new hires.
3. An economic concept describing the lowest price at which labor can be bought.
Economists studied how the minimum wage floor affects employment.
4. A policy tool used to reduce poverty among working people.
Advocates argued that a strong minimum wage floor protects families from hardship.