Tag: wages

what is minimum wage law

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  • What is a minimum wage?

  • A minimum wage is the lowest wage per hour that a worker may be paid, as mandated by federal law. It is a legally mandated price floor on hourly wages, below which non-exempt workers may not be offered or accept a job.

  • What are the laws relating to minimum wages in Malaysia?

  • The main legislation relates to minimum wages in Malaysia are National Wages Consultative Council Act 2011 [Act 732], Minimum Wages Order 2020. Malaysia鈥檚 minimum wages policy is decided under the National Wages Consultative Council Act 2011 (Act 732).

  • What are the effects of minimum wage laws?

  • Minimum wage laws raise business labor costs. That’s already the largest budget item for most businesses. When the government forces them to pay more per worker, they hire fewer workers to keep the total labor costs the same. This increases the unemployment rate.

  • What is the difference between the National Living Wage and minimum wage?

  • The National Living Wage is higher than the National Minimum Wage – workers get it if they鈥檙e over 25. It does not matter how small an employer is, they still have to pay the correct minimum wage. Use the minimum wage calculators to check if the correct minimum wage has been paid.