minimipalk
Minimipalk is a term used in discussions of wage policy to denote a wage floor established by law or regulation to guarantee a basic level of earnings for all workers. In practice, what constitutes minimipalk varies by jurisdiction and proposal, but typical elements include a legally binding minimum wage expressed as an hourly or monthly amount and mechanisms for automatic adjustment to inflation or cost of living.
The word combines mini- with palk (wage in several Baltic and Nordic languages), and appears in multilingual
Some proposals set a single national floor; others index the floor to median or living wage benchmarks,
Advocates say minimipalk can reduce poverty, raise living standards, and simplify wage policy. Critics warn it
See also: minimum wage, living wage, wage floor, price floor, labor policy.