Meaning of “national minimum wage” in the English Dictionary

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"national minimum wage" in Business English

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national minimum wagenoun [ C ]

uk us abbreviation NMW ECONOMICS

the lowest amount that employers can legally pay employees in a particular country:

The new national minimum wage aims to lift 300,000 workers and their children out of poverty.

(Definition of “national minimum wage” from the Cambridge Business English Dictionary © Cambridge University Press)