Minimum Wage Act

The Minimum Wage Act is a law that sets the lowest amount of money an employer can legally pay workers for their labor. Its goal is to ensure that employees receive a fair wage that covers basic needs and discourages exploitation. The wages are typically determined based on factors like living costs, industry standards, and regional differences. Employers must comply with these minimum wages, and there are provisions for reviewing and updating the rates periodically. The law helps protect workers’ rights and promotes fair employment practices across industries.