Minimum Wage Law
First enacted in New Zealand in 1894, there is now legislation or binding collective bargaining regarding minimum wage in more than 90% of all countries.
Minimum wage rates vary greatly across many different jurisdictions, not only in setting a particular amount of money (e.g. US$7.25 per hour under U.S. Federal law (or 2.13 for employees who receive tips, known as the tipped minimum wage), $9.04 in the U.S. state of Washington, and £6.19 (for those aged 21+) in the United Kingdom), but also in terms of which pay period (e.g. Russia and China set monthly minimums) or the scope of coverage. Some jurisdictions allow employers to count tips given to their workers as credit towards the minimum wage level.
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Famous quotes containing the words minimum, wage and/or law:
“There are ... two minimum conditions necessary and sufficient for the existence of a legal system. On the one hand those rules of behavior which are valid according to the system’s ultimate criteria of validity must be generally obeyed, and on the other hand, its rules of recognition specifying the criteria of legal validity and its rules of change and adjudication must be effectively accepted as common public standards of official behavior by its officials.”
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“Who to himself is law, no law doth need, Offends no law, and is a king indeed.”
—George Chapman (c. 1559–1634)