# Minimum Wage

**IRI:** https://folio.openlegalstandard.org/RCDwwDvhcbleBUzY2hO6kWL

## Labels

**Preferred Label:** Living Wage

**Alternative Labels:**

- Base Wage
- Statutory Wage

## Definition

Minimum Wage is the legally mandated lowest hourly wage that employers are required to pay their employees. It is typically set by government authorities and is intended to establish a baseline income level for workers.

## Sub Class Of

- https://folio.openlegalstandard.org/RiYwKEna4NZ311TVYJ2yCj

**Deprecated:** False