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Term: Minimum Wage

Description:

The term "minimum wage" refers to the lowest hourly, daily, or monthly remuneration that employers are legally mandated to pay their workers. It is a standard put in place by governments to protect employees from being exploited and to ensure a basic level of compensation.

Senses and Usages:

1. Noun: The lowest wage rate legally allowed to be paid to employees by employers.

Example sentence: The government increased the minimum wage to help improve the standard of living for low-paid workers.

2. Adjective: Referring to or constituting the minimum wage.

Example sentence: She worked three minimum wage jobs just to make ends meet.

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