What is the lowest legal wage that can be paid to most workers?

• A. Minimum wage
• B. Living wage
• C. Fair wage
• D. Negotiated wage

Answer: (A)

The correct choice is the minimum wage because this term specifically refers to the legally mandated lowest amount that employers can pay their employees for work performed. Minimum wage laws are established by legislation at both the federal and state levels, intending to ensure a basic standard of living for workers while preventing exploitation and enhancing overall economic stability.

The concept of a living wage, while related, often refers to a theoretical income level that guarantees an individual can afford adequate shelter, food, and other necessities, which is generally higher than the minimum wage. Fair wage and negotiated wage are not legally defined terms like minimum wage; they can encompass various compensation practices but do not necessarily represent a legally enforced baseline salary.