What is the minimum salary wage?

Answer 1

Minimum Wage mainly refers to the monthly, hourly or daily wage which is acceptable for any formal employee. It is important that the workers are not expected to sell their labor below the minimum standard. The minimum wage set can differ according to jurisdiction and applies to lower tier environment. In a city like Washington, a worker shouldn't be paid less than $8 and 55 cents while in UK, the wage is 5 pounds and 73 cents an hour.

Hope this helps.

Answer 2

The minimum wageThe minimum wage is the lowest amount an employer may pay an employee for working as measured by payment unit per time unit; equivalently in economics, it is the lowest price a worker may charge for the sale of their labour.

This varies according to currency (for obvious reasons), the time period used (often hours, but sometimes days or months), and the legislation creating the specific minimum wage law.

For a list of current minimum wages (or explanation of the lack) see the related links.

Answer 3

A minimum wage is the amount per hour that an employer must pay an employee.

Not all countries have legislation for this and people can pay whatever minimum they wish.

The amount varies depending on the country.

Answer 4

• £6.08 - the main rate for workers aged 21 and over
• £4.98 - the 18-20 rate
• £3.68 - the 16-17 rate for workers above school leaving age but under 18
• £2.60 - the apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship

Answer 5

7.25 Minimum wage is the lowest wage allowed by law. Most states have a minimum wage of $7.75 to $8.00 per hour.

Answer 6

Federal government regulates that an employer must pay at the minimum salary wage of $7.25/hr

Answer 7

$.95

Answer 8

not enough