Minimum Wage: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Minimum Wage

  • an hourly rate of pay, usually set by government, to which all employees are legally entitled

Wiktionary Definition for: Minimum Wage

  • The lowest rate of pay that an employer can legally pay an employee

Additional Resources

Minimum Wage
The article is on the Minimum wage law in the United States. This law can be characterized as being a combination of state and federal law. Eleven states and jurisdictions have minimum wages that are set higher than the federal minimum wage (Alaska, California, Connecticut, Delaware, the District of Columbia,...
Tags: Article, Salary, Benefits, Human Resources
White papers 2003-01-01
Associations urge Senate to retain wage provisions - in House of Representatives minimum wage bill
WASHINGTON -- Encouraged by the House of Representatives' passage of a minimum-wage freeze for tipped workers and a subminimum starting wage for young people, the National Restaurant Association and state restaurant groups are urging senators to back similar, industry-friendly provisions or, better yet, scuttle a proposed minimum-wage hike outright.
Tags: minimum wage, U.S. Senate
Research articles 1996-06-24
How Much Would Increasing the Minimum Wage Affect Food Prices?
The most frequently asked question is whether increasing the minimum wage increase food prices as well. This study shows that a simulated $0.50 increase in the minimum wage, if entirely passed on to consumers, would have increased food prices by less than 1 percent for most of the foods at...
Tags: Salary, Food, Benefits, Manufacturing, Human Resources, Food & Beverage
White papers 2000-05-01
The stakes of raising the federal minimum wage: with the 110th Congress poised to increase the federal minimum wage, the apartment industry readies itself for the possible positive--and negative--repercussions.
A priority for congressional Democrats, who recently earned majorities in both houses of Congress, is to pass legislation that would raise the federal minimum wage. The federal minimum wage, which is currently set at $5.15 per hour, has not been incr A priority for congressional Democrats,...
Tags: minimum wage, U.S. Congress
Research articles 2007-03-01
Minimum wage prospects murky - minimum wage bill takes back burner as government focuses on national defense due to World Trade Center and Pentagon attacks - Brief Article
WASHINGTON D.C. -- Add to the uncertainty resulting from the Sept. 11 terrorist attacks the size and timing of an expected minimum wage increase. "If the terrorist attacks had not happened, I would have said to plan on at least a $1.00 an hour increase by the end of 2002....
Tags: minimum wage, Pentagon, World Trade Center
Research articles 2001-10-01
Experts Available To Discuss Minimum Wage Plans Defeated in Senate
TOPIC: Two minimum wage plans, one from Democrats and one from Republicans, did not receive approval in the Senate, according to an article by The Associated Press. Democrats proposed a plan to raise the current hourly minimum wage of $5.15 to $7.25 over the next 26 months, while the Republican...
Tags: minimum wage, U.S. Senate
Research articles 2005-03-08
Senate kills two bills for $1.10 minimum-wage hike
WASHINGTON -- The U.S. Senate has rejected two proposals to raise the federal minimum wage from the current $5.15 an hour. A bill by Sen. Edward Kennedy, D-Mass., to raise the hourly wage to $6.25 over 18 months was defeated by a 51-47 vote.
Tags: U.S. Senate
Research articles 2005-10-31
Senate rejects minimum-wage increase.(INDUSTRY NEWS)(Brief Article)
On March 7, the U.S. Senate voted down two amendments that would have increased the federal minimum wage as part of the bankruptcy overhaul bill (S. 256). Congress has not raised the minimum wage since 1996. On March 7, the U.S. Senate voted down...
Tags: industry, minimum wage, U.S. Senate
Research articles 2005-04-01
Letters.(Letter to the editor)
Don't raise minimum wage Editor: This governor, Senate and House are hell-bent on taking Michigan further down the tubes than it already is by even considering an increase in the minimum wage. Increasing the minimum is not going to save Michiga...
Tags: DTE Energy Co., Editor, health care, Labor, minimum wage, patient
Research articles 2006-04-03
Congress debates minimum wage
WASHINGTON AP -- Through gritted teeth, majority Republicans in Congress are struggling for the second time in four years with potentially unstoppable demands for an increase in the minimum wage.
Tags: minimum wage, U.S. Congress
Research articles 1999-04-27
Minimum wage, maximum absurdity
ITEM: The CNN/Money website for October 25 reported: "Wal-Mart CEO Lee Scott said he's urging Congress to consider raising the minimum wage so that Wal-Mart customers don't have to struggle paycheck to paycheck. Scott told Wal-Mart directors and executives in a speech Monday that he believes 'it is time for...
Tags: minimum wage, Wal-Mart Stores Inc.
Research articles 2005-11-28
US Senate defeats proposed minimum-wage hike
WASHINGTON -- Restaurateurs still reeling from the last minimum-wage hike passed into law in 1996 breathed a sigh of relief after an attempt to raise it again this year recently was quashed.
Tags: U.S. Senate
Research articles 1998-10-05
Congress acts on minimum wage: bills pas house, Senate; one has tax breaks, one doesn't.(Capitol Retail Report)
For the first time in 11 years, Congress voted to raise the federal minimum wage--almost. For the first time in 11 years, Congress voted to raise the federal minimum wage--almost.
Tags: minimum wage, tax, tax break, U.S. Congress, U.S. Senate
Research articles 2007-03-01
OK Senate panel passes ballot proposal to boost minimum wage
A proposed constitutional amendment to increase the Oklahoma minimum wage by 50 cents per year over the next five years passed the Senate Business and Labor Committee on Monday.
Tags: minimum wage, U.S. Senate
Research articles 2006-02-28
Minimum-Wage Increase Defeated In The Senate
An effort to raise the minimum wage by $1 an hour over two years-to $6.15 an hour in January 2000-was rebuffed by the Senate in September on a 55-44 vote.
Tags: U.S. Senate
Research articles 1998-11-01
House joins Senate, votes to increase Md. minimum wage
Much to the dismay of business groups, labor advocates won a victory yesterday in the House of Delegates with the passage of a $1 minimum wage increase.
Tags: minimum wage, U.S. Senate
Research articles 2005-03-25
BSA minimum wage plea
The cost of outsourced services will rise and redundancies are inevitable unless the government allows a longer period for the phasing in of the national minimum wage and working time regulations, according to the Business Services Association BSA.
Tags: Business Software Alliance, minimum wage
Research articles 1998-10-08
Minimum wage myths - response to proposed legislation; includes membership list of Senate and House committees considering legislation
Minimum Wage Myths
Tags: minimum wage, U.S. Senate
Research articles 1987-06-01
US Senate passes minimum-wage bill - Brief Article
WASHINGTON -- The U.S. Senate voted 74-24 to increase the nation's minimum wage by 90 cents, to $5.15 per hour, and defeated the Republican Party-sponsored "Bond Amendment," which sought exemptions for small businesses.
Tags: U.S. Senate
Research articles 1996-07-22
Senate approves minimum wage, bankruptcy measures
WASHINGTON AP -- The U.S. Senate passed legislation Wednesday to raise the $5.15-an-hour minimum wage by a dollar while reducing people's ability to sweep away credit card and other debts through bankruptcy.
Tags: bankruptcy, minimum wage, U.S. Senate
Research articles 2000-02-03
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