Minimum Wage Essay Examples

Minimum wages have been defined as the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract.

Modern minimum wage laws trace their origin to the Ordinance of Labourers (1349), which was a decree by King Edward III that set a maximum wage for laborers in medieval England.

Most countries have national minimum wage legislation or collective bargaining in place.
India has a very complicated minimum wage rate system, with over 1200 different minimum wage rates.