Minimum rate wages is a term that refers to the lowest amount a worker can be paid according to law. It can be used interchangeably with other phrases such as minimum wage, basic wage, and ground wage. A worker's minimum rate wages usually depend on factors such as their occupation, experience, and geographical location. In some countries, it is also known as the living wage or the subsistence wage. Regardless of the terminology used, the concept of minimum wage is vital to protect the rights and well-being of employees, especially those in low-income sectors. By ensuring a basic minimum rate of pay, workers can be confident that their labor is valued and their basic needs are met.