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wage floor

 

Definitions from WordNet

Noun wage floor has 1 sense
  1. wage floor - floor below which wages are not allowed to fall
    --1 is a kind of
    floor, base

Definitions from the Web

Wage Floor

A wage floor refers to the minimum amount that an employer can legally pay their employees for their services. It is a government-imposed regulation designed to ensure that workers receive a fair and livable income.

Examples:

Noun: The government recently increased the wage floor to $15 per hour, providing a boost to low-income workers.

Noun: Some argue that imposing a wage floor can lead to job losses, as businesses may not be able to afford paying higher salaries.

Noun: The wage floor in this industry is much higher compared to other sectors.

Noun: The union fought for a higher wage floor during the negotiations with the company.

Related Products:

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Wage Floor Books on Amazon
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