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 ?
It was the voters who gave Oregon its current minimum wage law.
Successive governments have already made some worthwhile improvements to minimum wage enforcement.
He added, 'I do not think Nigerian workers are doing well if you look at the reality of life today, the economic situation and compare it to the minimum wage.
At the federal level, the minimum wage hasn't been raised since 2009, when it was set to $7.
Using a telephone survey to analyze the response of fast-food restaurants in New Jersey to an increase in the state's minimum wage relative to nearby Pennsylvania, Card and Krueger concluded that the higher minimum wage actually increased employment in New Jersey.
Therefore the Code provide for a consultative mechanism before determining the national minimum wage,' it said.
Ms McManus says the fall in the minimum wage "to a dangerously low level" was indicative of how the balance of power in Australia has changed with a resulting widening in inequality.
In Massachusetts, the minimum wage is currently $11 per hour.
Thus the following questions come to mind: what amount of minimum wage can be considered optimal?
A federal minimum wage set at $15, he wrote in The New York Times, "is beyond international experience, and could well be counterproductive.
For years, Washington's minimum wage has been the highest in the country.
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