Meaning of the word "minimum wage" in English

What does "minimum wage" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

minimum wage

US /ˈmɪn.ɪ.məm ˌweɪdʒ/
UK /ˈmɪn.ɪ.məm ˌweɪdʒ/
"minimum wage" picture

Noun

1.

the lowest wage permitted by law or by a special agreement (such as one with a labor union)

Example:
Many workers struggle to live on minimum wage.
The government is considering raising the minimum wage.
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