Minimum Wage
Definition: The term "minimum wage" refers to the lowest amount of money that an employer is legally allowed to pay their workers. This amount is set by law or agreement and ensures that employees receive a fair basic income for their work.
Usage Instructions: - You can use "minimum wage" when talking about jobs and pay. - It is often discussed in conversations about workers' rights and economic policies.
Example: - "In many countries, the minimum wage is increased every year to keep up with the cost of living."
Advanced Usage: - When discussing the effects of minimum wage, you might say, "Raising the minimum wage can lead to increased consumer spending but may also result in higher unemployment rates."
Word Variants: - "Minimum" (adjective): Referring to the least amount possible. For example, "The minimum age to vote is 18." - "Wage" (noun): Referring to the payment received for work, often calculated on an hourly basis. For example, "He earns a good wage for his work as a teacher."
Different Meanings: - "Wage" can also refer to a broader concept of payment for services in different contexts, such as "wage war," which means to engage in conflict.
Synonyms: - Base pay - Lowest allowable pay - Starting salary
Idioms and Phrasal Verbs: - There aren't specific idioms or phrasal verbs directly related to "minimum wage," but you might encounter phrases like: - "Live paycheck to paycheck," which means having just enough money to cover expenses with little left over, often related to minimum wage jobs.
Conclusion:Understanding the concept of minimum wage is important as it relates to discussions about fair pay, economic conditions, and labor rights.