Minimum wage regulations are laws that set the lowest amount of money that employers can pay their workers. These laws aim to ensure that employees earn enough to cover basic living expenses, such as food, housing, and healthcare. By establishing a minimum wage, governments seek to reduce poverty and promote fair compensation for labor.
Different countries and regions may have varying minimum wage rates, which can change over time due to inflation or economic conditions. For example, in the United States, each state can set its own minimum wage, leading to differences in pay across the country. These regulations are essential for protecting workers' rights and promoting economic stability.