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Minimum Wage
The lowest legal hourly wage that employers can pay workers, set by government policy to ensure a basic standard of living for workers.
Minimum-Wage Laws
Regulations establishing the lowest amount that employers can legally pay their workers per hour of labor.
United States
A country in North America comprised of 50 states and a federal district, known for its substantial influence in global economic, political, and cultural matters.
Price Ceiling
A regulation that sets the maximum allowable price for a good or service to prevent prices from rising above a certain level.
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