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Wage Floor শব্দের বাংলা অর্থ: মজুরীর
Wage Floor Meaning In Bengali মজুরীর
Wage Floor
Definition
1) The wage floor refers to the minimum legal wage rate that an employer can pay to employees for their work. This minimum wage is typically set by governments to ensure that workers receive a fair and livable wage.
2) In economic terms, the wage floor represents the lowest boundary of wages that can be legally paid in a particular market or industry. It is intended to prevent exploitative labor practices and ensure that workers are compensated fairly for their labor.
3) The wage floor can also be used more broadly to describe the lowest level of compensation that an employer is willing to offer to attract and retain employees. Employers may use the wage floor as a benchmark for setting wages above the minimum required by law in order to remain competitive in the labor market.
Examples
Wage Floor Example in a sentence
1) The company implemented a new wage floor to ensure all employees are fairly compensated.
2) Rising inflation prompted the government to consider raising the minimum wage floor.
3) Some businesses struggle to stay afloat when faced with increasing wage floor requirements.
4) Unions have been advocating for a higher wage floor to help workers achieve a living wage.
5) The wage floor in the hospitality industry varies depending on location and economic conditions.
6) Implementing a wage floor can help reduce income inequality within a company.
7) Many workers rely on government-mandated wage floors to ensure they are paid a decent wage.
8) Setting a wage floor is one way to prevent exploitation of low-wage workers.
9) Critics argue that a high wage floor could lead to job loss as businesses may not be able to afford higher salaries.
10) It is important to regularly review and adjust the wage floor to keep up with economic changes.
Part of Speech
Wage Floor (Adjective)
Synonyms
Encyclopedia
The wage floor refers to the minimum legal wage rate that an employer can pay to employees for their work. This minimum wage is typically set by governments to ensure that workers receive a fair and livable wage.
In economic terms, the wage floor represents the lowest boundary of wages that can be legally paid in a particular market or industry. It is intended to prevent exploitative labor practices and ensure that workers are compensated fairly for their labor.
The wage floor can also be used more broadly to describe the lowest level of compensation that an employer is willing to offer to attract and retain employees. Employers may use the wage floor as a benchmark for setting wages above the minimum required by law in order to remain competitive in the labor market.
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