Minimum wage refers the smallest wage an employee can make per hour for all hours he or she works on the job.
The federal government lists its own minimum wage provision under the Fair Labor Standards Act (FLSA), and individual states and cities can have higher, but not lower, minimum wage requirements. Fluctuations between states and cities in terms of minimum wage largely has to do with cost of living. For example, New York has a higher minimum wage than Maine, as the cost of living is higher in New York. The federal minimum wage law is administered and enforced by the Department of Labors Wage and Hour Division.Related terms:
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