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.
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References in periodicals archive ?
The poverty line is also a factor to be considered when discussing the minimum wage in Cambodia.
As reported, the government has yet to decide whether to raise the minimum wage next year.
To better protect the rights of laborers, the government should set up a mechanism for such wage increase by passing a minimum wage law as soon as possible, Son added.
The current $7.25 minimum wage was set in 2009 during the Great Recession.
This figure is more than double the existing minimum wage in Metro Manila, which is set at P537 per day or around P14,000 a month.
The APC spokesman recalled that Buhari had severally assured of a new and improved national minimum wage for workers.
Of course, minimum wage increases can be absorbed by firms through channels other than, or in addition to, reducing their employee headcount or the number of hours their employees work.
30, suspended its warning strike on a new minimum wage embarked upon on Sept.
PSM asked the PH government to review the minimum wage to fulfill its election promise.
The problem is that the President and Cheong Wa Dae seem to have an overly optimistic view of the minimum wage hike.
Last year in July, the federal and provincial governments had fixed minimum wages at Rs15,000 per month.
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