Wage Regulation refers to the laws and policies that govern the minimum amount of money workers can be paid for their labor. These regulations are designed to ensure fair compensation, protect workers from exploitation, and promote a living wage. Governments often set minimum wage levels that employers must adhere to, which can vary by region and industry. In addition to minimum wage laws, Wage Regulation can also include rules about overtime pay, salary transparency, and equal pay for equal work. These regulations aim to create a more equitable labor market and help reduce income inequality among different groups of workers.