Define: Minimum Wage

Minimum Wage
Minimum Wage
Quick Summary of Minimum Wage

The minimum wage is that it is the lowest wage that employers are legally required to pay their employees. It is set by the government and varies from country to country, and sometimes even within different regions of a country. The purpose of the minimum wage is to ensure that workers are paid a fair and livable wage, and to prevent exploitation and poverty. It is often adjusted periodically to keep up with inflation and changes in the cost of living. The minimum wage can have both positive and negative effects on the economy, as it can increase the income of low-wage workers but also potentially lead to job losses and increased costs for businesses.

Minimum Wage FAQ'S

The current minimum wage varies by state. You can find the specific minimum wage for your state by visiting the website of your state’s labor department or contacting them directly.

In general, employers are required to pay their employees at least the minimum wage set by federal or state law. However, there are certain exceptions for certain types of workers, such as tipped employees or those with disabilities. It is important to understand the specific laws in your state to determine if any exceptions apply.

In most cases, an employer cannot reduce your wage to the minimum wage if you were previously earning more. However, there may be exceptions if there is a valid reason for the reduction, such as a change in job responsibilities or a decrease in the company’s financial situation. It is advisable to consult with an employment attorney to understand your rights in such situations.

Interns and trainees may be exempt from minimum wage requirements if they meet certain criteria outlined by the Fair Labor Standards Act (FLSA). These criteria include the nature of the training, the educational aspect of the program, and the benefit derived by the intern or trainee. It is important to consult with an attorney or review the FLSA guidelines to determine if you qualify for an exemption.

The FLSA allows employers to pay a lower minimum wage to employees who are under the age of 20 for a limited period of time. This lower minimum wage, known as the youth minimum wage, can be paid for the first 90 consecutive calendar days of employment. After this period, the employer must pay the full minimum wage.

Employers are generally prohibited from making deductions from an employee’s minimum wage for expenses that primarily benefit the employer. However, there are exceptions for certain expenses, such as uniforms or tools, if the employee voluntarily agrees to the deduction in writing and it does not reduce their wage below the minimum wage.

Tipped employees, such as waitstaff or bartenders, may be paid a lower minimum wage than non-tipped employees, as long as their tips combined with the lower wage equal at least the full minimum wage. This is known as the tip credit. However, if the employee’s tips do not bring their total earnings up to the minimum wage, the employer is required to make up the difference.

Contract workers or freelancers are generally not covered by minimum wage laws, as they are considered independent contractors rather than employees. However, it is important to carefully review the terms of your contract to ensure that you are being fairly compensated for your work.

Employers may be able to pay employees with disabilities a subminimum wage under certain circumstances, such as if the employee’s productivity is affected by their disability. However, this must be done in compliance with the provisions of the FLSA and any applicable state laws.

Yes, some local governments have the authority to set a higher minimum wage than the federal or state minimum wage. These local minimum wage laws may apply to specific cities or counties within a state. It is important to check the laws in your specific locality to determine if a higher minimum wage applies.

Related Phrases
No related content found.
Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 13th April 2024.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

  • Page URL:https://dlssolicitors.com/define/minimum-wage/
  • Modern Language Association (MLA):Minimum Wage. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/minimum-wage/.
  • Chicago Manual of Style (CMS):Minimum Wage. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/minimum-wage/ (accessed: May 09 2024).
  • American Psychological Association (APA):Minimum Wage. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/minimum-wage/
Avatar of DLS Solicitors
DLS Solicitors : Divorce Solicitors

Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.

All author posts