minimum wage An hourly wage rate below what employers cannot legally pay workers. Currently at $7.25, the federal minimum wage can be exceeded by a state’s minimum wage. Related Related Articles: What Economists Say About the Minimum WageWhere Women Do the Most Unpaid WorkThe Surprising Minimum Wage Impact at McDonald’sWhy You Should Bet On a VaccineWhere Thursday Could Become the New Friday Ann Mills Share This Previous ArticleM1 Next Articleopen market operations December 17, 2020