wage floor


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Noun1.wage floor - floor below which wages are not allowed to fall
floor, base - a lower limit; "the government established a wage floor"
References in periodicals archive ?
This dramatic shift in the company's wage floor came with the stipulation that managers be relentless with their expectations and fire underperforming workers.
If employers observe wage floor laws on the books they are likely to be concerned with rises in such a floor.
The new wage floor has contributed to a significant closing of the gender pay gap and a welcome fall in pay inequality.
org/minimum-wage/minimum-wage-teen-unemployment/) would predominantly affect young people already supported by their families, who aren't in need of higher pay and would face layoffs under a wage floor.
He also pushed aggressively for an increase in the state minimum wage, or the authority from the state to set a higher wage floor in New York City.
Several Golden State cities and municipalities had already set a wage floor at $15, including Los Angeles and San Francisco.
She added, however, "When you raise the wage floor it has an effect all the way up the ladder.
Stronger measures are needed to tackle this including specific sector support and examining the role of contractors in increasing the wage floor.
The Foundation added that, despite the name, the Government's new legal wage floor was not a "living wage", and there remained plenty of scope to expand the reach of the voluntary living wage, which is currently set at PS8.
While our analysis suggests the pay rise should be affordable for most firms, implementing the new wage floor will be challenging for some employers.
Adam Corlett, economic analyst at the Resolution Foundation, said: "Implementing the new wage floor will be challenging.
It would also be necessary to determine whether any additional raises would be needed for city employees who currently earn $15 an hour or slightly more - the new wage floor would probably flatten pay differentials created to acknowledge differences in seniority or responsibility.