National Minimum Wage

The National Minimum Wage is the lowest legal amount that employers must pay their workers for their labor. Established to ensure fair compensation, it aims to protect low-income earners from exploitation and to help reduce poverty. The wage varies by age and often by the region, reflecting the cost of living. Governments review and adjust it periodically to account for inflation and economic conditions. By setting this minimum, the goal is to promote a fairer labor market and improve living standards for all workers.