Definitions:

1. Floor below which wages are not allowed to fall. NOUN
   • The new legislature introduced a higher wage floor to keep up with inflation and rising living costs.
2. Refers to the minimum wage rate that employers are legally required to pay their employees. NOUN
   • Implementing a wage floor can help reduce poverty and income inequality.
3. Sets the lowest limit on wages, ensuring that workers receive a minimum level of income for their labor. NOUN
   • Employers must ensure that all employees are paid at least the wage floor, regardless of their job role.
4. The lowest legal remuneration that employers are allowed to pay their employees. NOUN
   • the government increased the wage floor to help improve the living standards of low-income workers.

Synonyms:

• base wage
• basic wage rate
• lowest wage limit
• minimum pay rate
• minimum wage
• pay floor