The Minimum Wage is the lowest amount that employers are legally required to pay their employees for their work.
In Australia, the national minimum wage as of 2024 is set at $23.23 per hour. This wage ensures that all workers receive fair compensation for their labor, helping to prevent exploitation and poverty.
For instance, if an employee works full-time at minimum wage, they would earn approximately $43,000 annually before taxes.
Understanding minimum wage laws is crucial for both employers and employees to ensure compliance with labor regulations.
