Mindestlohn

Mindestlohn, or minimum wage, is the lowest legal amount that employers are allowed to pay workers for their labor. It aims to ensure that employees receive fair compensation, prevent exploitation, and reduce poverty among low-wage earners. Governments typically set minimum wages through legislation, which can vary by country, region, or industry. Employers cannot legally pay less than this rate, helping to promote economic stability and fair labor practices. Adjustments to the minimum wage often reflect economic conditions and policy decisions to balance workers’ earnings with business sustainability.