Wage Floor

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Related to minimum wage: living wage

Wage Floor

The lowest possible wage within a wage bracket, which is the range of potential wages offered to a person with a given job description. For example, if a wage bracket is $12 to $15 per hour, the wage floor is $12.
References in periodicals archive ?
For years, Washington's minimum wage has been the highest in the country.
In a series of papers published between 1992 and 1994, David Card and Alan Krueger (both of whom were then at Princeton University; Card is now at the University of California, Berkeley) explored the effect of an increase in the minimum wage in New Jersey on fast-food employment relative to neighboring Pennsylvania, whose minimum wage did not increase.
Democratic proposals to increase the minimum wage statewide have been non-starters in the Texas Legislature.
Other business benefits from raising the minimum wage include cost savings from lower employee turnover, increased productivity and better customer satisfaction.
John Kitzhaber warned against approving a large minimum wage increase and a paid sick leave mandate this year.
Successive governments have already made some worthwhile improvements to minimum wage enforcement.
In North Dakota for example, anecdotal evidence suggests that the federal minimum wage is largely nonbinding.
However, some unions have come out in support of increasing the minimum wage, including the organization that represents workers at the Universidad Autonoma de Mexico (UNAM).
Meanwhile, inside the Beltway, Obama issued an executive order in February imposing his preferred minimum wage on federal contractors--a move of rather dubious legality, as we shall see.
Following are the most commonly cited arguments against minimum wage increases.
The minimum wage was part of the Fair Labor Standards Act, which also established overtime pay and banned child labor.
2 ( ANI ): Union Rural Development Minister Jairam Ramesh on Sunday backed the proposal to equate the wages for works under the Mahatma Gandhi National Rural Employment Guarantee (MNREGA) scheme with the minimum wages prevailing in states.
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