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statutory minimum Meaning

Statutory Minimum

Definition:

  1. The lowest wage that an employer is legally required to pay an employee, as established by law.
  2. Any minimum standard established by law for various regulatory aspects, not exclusively related to wages (e.g., age of consent, minimum safety regulations).

Etymology: The term “statutory” comes from the Latin “statutum” meaning “something that has been set or established”. This translates into English as “by statute,” indicating that a rule or standard is established by a written law. “Minimum” derives from the Latin “minimum,” which means “least” or “smallest amount”.

Literal and Figurative Uses:

Literal Use:

Figurative Use:

Common Phrases/Idioms Featuring the Term:

Contextual Usage & Example Sentences:

  1. In many states, the statutory minimum wage is set at $15 per hour to ensure workers receive a fair compensation.
  2. Employers must adhere to the statutory minimum requirements for workplace safety to avoid penalties.
  3. The statutory minimum age for consuming alcohol in the United States is 21.
  4. Some critics argue that the current statutory minimum wage is not enough to cover basic living expenses.
  5. The government’s revision of the statutory minimum for child labor laws reflects a commitment to protecting youth in the workforce.
  6. Statutory minimum guidelines must be followed to ensure compliance with health regulations in food service establishments.

Synonyms & Antonyms:

Synonyms:

Antonyms:

In summary, “statutory minimum” is a crucial legal term relevant in various contexts, particularly labor laws and regulatory standards, underpinning the principle that laws exist to protect the rights and welfare of individuals in society.

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