Tag Archives: wage distortion

Minimum Wage Updates

Wages or salaries are the amounts workers or employees receive as compensation from employers for the work they regularly perform.  While business owners and workers are allowed to agree on specific amounts as salaries, these must not be lower than the minimum wage set by the Regional Tripartite Wages and Productivity Boards (RTWPBs).

 

What are wage orders?

 

Minimum wages vary depending on the industry and location (region) of the business.  Regional Wage Orders specify:

 

-        the daily minimum wage rates and

-        exemptions from compliance

 

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